The Securities and Exchange Commission on Wednesday delayed a plan to adopt new rules aimed at stemming conflicts of interest in Wall Street's credit rating industry.
The commissioners decided to take up the new rules at the same time as other proposals that could bring significant changes for the credit rating industry, which has been widely criticized for its role in the subprime mortgage debacle. A public meeting is planned for Dec. 3 for that purpose, SEC spokesman John Nester said.
The agenda item was pulled from Wednesday morning's meeting shortly before it started. The five commissioners did vote as planned on a less controversial matter, unanimously …
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