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New Fiduciary Rule More Pro-Investor Than Previous Iteration

The Department of Labor’s final rule should be easier to implement and drive more dollars to low-cost investments, says Morningstar’s Scott Cooley.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. The Department of Labor has released its final rules on the new fiduciary regulations. I'm here with Scott Cooley, Morningstar's director of policy research, for his first take.

Scott, thanks for joining me.