Morningstar to pay $3.5 million to settle SEC conflict-of-interest charges
The research firm did not comply with rules designed to separate credit ratings from sales and marketing, according to the regulator
Morningstar Inc. has agreed to pay a $3.5 million penalty to settle SEC charges that the firm’s credit ratings division did not comply with conflict-of-interest rules designed to separate credit ratings from sales and marketing.
The Securities and Exchange Commission alleged that in 2015 and
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