Morningstar to SEC: Make Brokers Disclose Rev-Share Details
In fact, revenue-sharing agreements create conflicts that are “often opaque and harder to evaluate” than most other sources of tainted product recommendations, the three Morningstar policy analysts wrote. The paper was co-authored by Aron Szapiro, director of policy research; Lia Mitchell, a senior analyst; and Jasmin Sethi, associate director of policy research.