Chicago-based mutual fund tracker Morningstar said it is unsure what will become of allegations by the Securities and Exchange Commission that it overstated returns for the Rock Canyon Top Flight Fund last year.

Morningstar made the disclosure in a recent SEC filing related to its plans to go public, the Chicago Tribune reveals. Morningstar said it plans to price its initial stock offering of 7.6 million shares between $16 and $19 per share.

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