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Violation Tracker Individual Record

Company: Morningstar Credit Ratings, LLC
Current Parent Company: Morningstar Inc.
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $1,150,000
Year: 2022
Date: June 7, 2022
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The U.S. District Court for the Southern District of New York entered a final judgment against defendant Morningstar Credit Ratings LLC, a credit rating agency that the SEC charged with violating disclosure and internal controls provisions of the federal securities laws in rating commercial mortgage-backed securities (CMBS) from 2015 to 2017.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Illinois
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: miscellaneous services
Specific Industry of Current Parent: investment research
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.