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Morningstar, Prudential Flee RICO Claim Over Robo-Adviser

By Lauraann Wood ( March 16, 2018, 8:05 PM EDT) -- Morningstar Inc. and two Prudential Financial Inc. retirement-focused subsidiaries escaped a racketeering suit claiming the three colluded to steer investors toward high-cost investment options with a robo-adviser, after an Illinois federal judge Friday said a plan participant who is lobbing those claims failed to allege that the companies were running an unlawful enterprise. . . .

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