Morningstar Managing Director Don Phillips has been a visible industry figure since the scandal broke, calling for investors to avoid certain shops entangled in the scandal as well as urging the industry to adopt several reforms. MME Associate Editor Chris Frankie sat down with Phillips just before the Morningstar Investment Conference to get his views on the ICI's new president, Congress and investors.

MME: Paul Schott Stevens is the new ICI president. Do you expect anything different from him and his tenure than from that of Matt Fink?

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