The SEC is considering whether to charge Egan-Jones Corp. of Haverford with lying on its 2007 application to be a government-recognized national credit-rating agency, Reuters reports here. 

The irony: Egan-Jones and founder Sean Egan have been aggressive critics of the dominant credit rating agencies, led by Standard & Poor's and Moody's Investor Service, for taking money from the firms they rate, an obvious conflict of interest, and for failing to identify the risky loans in mid-2000s mortgage bonds that defaulted, sparking the 2008 credit market meltdown and resulting severe global recession.
But Egan-Jones has also had its critics, including veteran bank analyst Richard X. Bove', who says the firm is understaffed and can't adequately support the sweeping company credit critiques it sells clients, as I noted in this Jan. 4 post.