Morning Star controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile1 entries
2021
SEC sues Morningstar Credit Ratings over securities ratings
Lawsuit filed
The US Securities and Exchange Commission sued Morningstar Credit Ratings LLC, alleging that it violated US securities laws in ratings of commercial mortgage-backed securities. Morningstar said it had complied with regulatory requirements.
Company response
Denial — Morningstar
A spokesperson for Morningstar said the firm had complied with all regulatory requirements
Source excerpt
The US Securities and Exchange Commission (SEC) on Tuesday sued Morningstar Credit Ratings LLC for allegedly violating US securities laws in its ratings of commercial mortgage-backed securities, the regulator said in a statement.
A spokesperson for Morningstar said the firm had complied with all regulatory requirements
Those change benefited issuers that had paid for the ratings, allowing them to pay investors less interest, the SEC said.