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Morningstar fined $3.5 million for violating conflict of interest rules on ABS ratings

HousingWire Friday, 15 May 2020
In the wake of the housing crisis, the government put rules in place to prevent credit ratings shopping and other questionable behavior surrounding bond ratings. But, according to the SEC, one of the nation’s largest ratings agencies violated one of those rules, asking its analysts to solicit bond issuers for new business.

The post Morningstar fined $3.5 million for violating conflict of interest rules on ABS ratings appeared first on HousingWire.
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