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Morningstar Risked SEC Suit
U.S. securities regulators considered filing a law suit against Morningstar Inc., over incorrect data it published about a mutual fund. The Chicago-based Morningstar, which has filed for an initial public stock offering, said it was notified on May 24 that the U.S. Securities and Exchange Commission is considering a civil suit charging the company with violating U.S. securities laws.
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