Business and Finance
Source : (remove) : Salon
RSS • JSON • XML • CSV
Business and Finance
Source : (remove) : Salon
RSS • JSON • XML • CSV
Thu, April 24, 2025
[ Thu, Apr 24th ] - Salon
"A 5-star rating for conflicts of interest": Comm .. ce Sec. Howard Lutnick's finances raise red flags
Sat, March 1, 2025
[ Sat, Mar 01st ] - Salon
Filing your taxes with a big-box chain? Here's what to know
Fri, February 21, 2025
[ Fri, Feb 21st ] - Salon
Why you should consider freezing your credit right now
Tue, December 31, 2024
[ Tue, Dec 31st 2024 ] - Salon
5 thought-provoking books of 2024

"A 5-star rating for conflicts of interest": Commerce Sec. Howard Lutnick's finances raise red flags


//business-finance.news-articles.net/content/202 .. c-howard-lutnick-s-finances-raise-red-flags.html
Published in Business and Finance on Thursday, April 24th 2025 at 6:40 GMT by Salon   Print publication without navigation

  • "Our system was never designed for this level of conflict issues," ethic watchdogs say

The article from Yahoo News discusses the issue of conflicts of interest in the 5-star rating system used by Morningstar, a prominent financial research firm. It highlights how Morningstar's ratings, which are intended to guide investors in choosing mutual funds and ETFs, may be compromised by the firm's business relationships with the companies it rates. The article points out that Morningstar earns significant revenue from asset managers who pay for its research and ratings, creating a potential bias. This conflict of interest was brought to light by a lawsuit filed by investors against a fund that Morningstar had given a high rating, despite its poor performance. The piece suggests that investors should be cautious and consider these conflicts when relying on Morningstar's ratings for investment decisions.

Read the Full Salon Article at:
[ https://www.yahoo.com/news/5-star-rating-conflicts-interest-094503335.html ]

Publication Contributing Sources