Vanguard to Pay $106 Million Over Retirement Fund Violations
Vanguard Group will pay more than $106 million to settle US Securities and Exchange Commission allegations that it made misleading statements about capital gains distributions and tax consequences to retail investors who held popular target-date retirement funds in taxable accounts.
Vanguard to Pay More Than $100 Million to Resolve Violations Related to Target Date Retirement Funds
The SEC's order finds that, on December 11, 2020, Vanguard announced that the minimum initial investment amount of Vanguard Institutional Target Retirement Funds (Institutional TRFs) was lowered from $100 million to $5 million.
Vanguard Group will pay $106.4 million to settle U.S. Securities and Exchange Commission charges alleging it failed to ...
More than 15,000 New York investors, including 2,700 Long Islanders, were forced to pay higher capital gains taxes ...
Vanguard settles SEC charges with a $106 million payout. Its status in the impending "crypto cooldown" remains unclear.
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