Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:SEC Drops Morningstar Data Error Probe Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, February 08, 2006

SEC Drops Morningstar Data Error Probe

by: Armie Margaret Lee

The Securities and Exchange Commission has decided not to pursue its investigation into incorrect mutual fund data published by Morningstar, the investment research firm said Wednesday.

The SEC's investigation, launched in May 2004, stemmed from a data error published by the Chicago-based firm about Rock Canyon Top Flight Fund. Morningstar had miscalculated the impact of a capital gains distribution the fund made and consequently overstated its performance.

Morningstar said it was informed by SEC officials that they had ended their investigation and the matter is now closed.

"Obviously we’re pleased with the SEC’s decision and are happy to put this matter behind us," said Joe Mansueto, chairman and chief executive of Morningstar, said in a statement. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use