2022-06-07 sec-litreleases judgment 171 KB 2,947 chars

SEC v. MORNINGSTAR CREDIT RATINGS, LLC, No. 1:21-cv-01359, Southern District of New York (June 7, 2022) — Judgment

raw: SEC v. MORNINGSTAR CREDIT RATINGS

SEC v. MORNINGSTAR CREDIT RATINGS, No. 1:21-cv-01359 (June 7, 2022)

Caption: U.S. Securities and Exchange Commission v. Morningstar Credit Ratings, LLC

Exhibit of Morningstar Credit Ratings, LLC

summary

Morningstar Credit Ratings, LLC agreed to pay a $1,150,000 civil penalty to the SEC to resolve allegations regarding violations of the Securities Exchange Act of 1934.

paragraph

Morningstar Credit Ratings, LLC entered a final judgment in the Southern District of New York regarding alleged violations of the Securities Exchange Act of 1934. The defendant consented to the judgment without admitting or denying the allegations and was ordered to pay a $1,150,000 civil penalty. This penalty is to be paid to the SEC and subsequently remitted to the United States Treasury.

narrative

The U.S. Securities and Exchange Commission obtained a final judgment against Morningstar Credit Ratings, LLC in the Southern District of New York. The action involved allegations of violations related to the Securities Exchange Act of 1934. Without admitting or denying the allegations, the defendant consented to the court's jurisdiction and the entry of the judgment. As part of the settlement, Morningstar Credit Ratings, LLC is required to pay a $1,150,000 civil penalty to the SEC. The payment must be completed within 30 days of the judgment's entry, with funds being sent to the United States Treasury. The court will retain jurisdiction to enforce the terms of this final judgment, and post-judgment interest may apply to any late payments.

Enriched metadata

Scheme: broker-dealer-fraud (80%)
Court: Southern District of New York
Case No.: 1:21-cv-01359
Outcome: settled
Civil penalty: $1,150,000

Classified broker-dealer-fraud(confidence 80%). EDGAR detection: forms Form D· recall 29% / precision 9%. detection rule →

Extracted insights

Dollar amounts 1

$1.15M $1,150,000 $1M–$10M

Entities 4

agency civil penalty of $1,150,000 to securities and exchange commission
person general appearance
company morningstar credit ratings, llc
court united states district court

Triples 14

Securities And Exchange Commission filed Complaint
Morningstar Credit Ratings, LLC entered general appearance
Morningstar Credit Ratings, LLC shall pay civil penalty of $1,150,000 to Securities And Exchange Commission
Morningstar Credit Ratings, LLC shall make payment within 30 days after entry of Final Judgment
Morningstar Credit Ratings, LLC may transmit payment electronically to Commission
Commission shall provide detailed ACH transfer/Fedwire instructions upon request
Morningstar Credit Ratings, LLC may pay certified check, bank cashier’s check, or United States postal money order payable to Securities And Exchange Commission
Morningstar Credit Ratings, LLC shall transmit photocopies of evidence of payment and case identifying information to Commission’s counsel
Morningstar Credit Ratings, LLC relinquishes all legal and equitable right, title, and interest in funds
Commission shall send funds to United States Treasury
Commission may enforce Court’s judgment for penalties using collection procedures authorized by law
Morningstar Credit Ratings, LLC shall pay post‑judgment interest on amounts due after 30 days of entry of Final Judgment
United States District Court shall retain jurisdiction of matter for enforcing terms of Final Judgment
Hon. Ronnie Abrams issued judgment on June 7, 2022

PDF

SEC v. MORNINGSTAR CREDIT RATINGS · Source

Text layers

Extracted body text (2,947c)

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

U.S. SECURITIES AND EXCHANGE
COMMISSION,
Plaintiff,
v.
MORNINGSTAR CREDIT RATINGS, LLC
Defendant.

1:21-cv-1359 (RA)

FINAL JUDGMENT AS TO DEFENDANT MORNINGSTAR CREDIT RATINGS, LLC

The Securities and Exchange Commission having filed a Complaint and Defendant Morningstar Credit Ratings, LLC having entered a general appearance; consented to the Court’s jurisdiction over Defendant and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint except as to jurisdiction; waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment:

IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant shall pay a civil penalty in the amount of $1,150,000 to the Securities and Exchange Commission pursuant to Section 21(d)(3) of the Securities Exchange Act of 1934. Defendant shall make this payment within 30 days after entry of this Final Judgment.

Defendant may transmit payment electronically to the Commission, which will provide detailed ACH transfer/Fedwire instructions upon request. Payment may also be made directly from a bank account via Pay.gov through the SEC website at http://www.sec.gov/about/offices/ofm.htm. Defendant may also pay by certified check, bank cashier’s check, or United States postal money order payable to the Securities and Exchange

---

Commission, which shall be delivered or mailed to

Enterprise Services Center
Accounts Receivable Branch
6500 South MacArthur Boulevard
Oklahoma City, OK 73169

and shall be accompanied by a letter identifying the case title, civil action number, and name of this Court; Morningstar Credit Ratings, LLC as a defendant in this action; and specifying that payment is made pursuant to this Final Judgment.

Defendant shall simultaneously transmit photocopies of evidence of payment and case identifying information to the Commission’s counsel in this action. By making this payment, Defendant relinquishes all legal and equitable right, title, and interest in such funds and no part of the funds shall be returned to Defendant. The Commission shall send the funds paid pursuant to this Final Judgment to the United States Treasury.

The Commission may enforce the Court’s judgment for penalties by the use of all collection procedures authorized by law, including the Federal Debt Collection Procedures Act, 28 U.S.C. § 3001 et seq., and moving for civil contempt for the violation of any Court orders issued in this action. Defendant shall pay post-judgment interest on any amounts due after 30 days of the entry of this Final Judgment pursuant to 28 USC § 1961.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment.

Dated: June 7, 2022

Hon. Ronnie Abrams
United States District Judge

OCR text (2,947c · tika+glm · 85% conf)