Morningstar Associates LLC, a wholly owned subsidiary of Morningstar Inc., said Wednesday that it had received a subpoena from New York Attorney General Eliot Spitzer seeking information and documents related to his annuity investigation.
Morningstar did not return calls seeking comment by press time.
"While the request is very broad," Joe Mansueto, the company's chairman and chief executive officer, said in a press release about Monday's subpoena, "it specifically asks for information about the investment consulting services we offer to retirement plan providers, including fund lineup recommendations for retirement plan sponsors."
Morningstar Inc. is a provider of independent investment research in the United States and other major international markets. It offers Internet, software, and print products and services for investors, financial advisers, and institutional clients.
