May 15, 2020 / 1:11 PM / 18 days ago

Morningstar agrees to pay $3.5 mln to settle U.S. SEC charges -statement

WASHINGTON, May 15 (Reuters) - Morningstar Credit Ratings LLC has agreed to pay $3.5 million to settle U.S. Securities and Exchange Commission (SEC) charges for violating a conflict of interest rule, the agency said in a statement on Friday.

The charges relate to a conflict of interest rule designed separate credit ratings and analysis from sales and marketing efforts, the statement said. (Reporting by Chris Prentice, Editing by Franklin Paul)

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