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Morningstar, Prudential Face Class Action Over Robo-Adviser

By Diana Novak Jones ( August 4, 2017, 2:55 PM EDT) -- Morningstar Inc. and two retirement-focused subsidiaries of Prudential Financial Inc. were hit with a proposed class action in Illinois federal court Thursday, with investors accusing the companies of colluding to design a robo-adviser program to steer them toward investments that paid Prudential high fees....

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