The Securities and Exchange Commission will consider proposing new rules for nationally recognized credit rating agencies at a meeting that is currently scheduled to be held on June 11, Christopher Cox said Monday at an International Organization of Securities Commissions' conference in Paris.

In a related matter, SEC officials Friday asked the three major credit rating agencies - Moody's Investors Service, Standard & Poor's, and Fitch Ratings - to describe any errors they have found in their ratings of structured investment vehicles over the past four years, and what they did to correct those errors, a commission spokesman said.

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