The violations stem from a 2020 change where Vanguard lowered the minimum investment requirement for its institutional target date funds.
Vanguard agreed to pay $106.4 million to the Securities and Exchange Commission Friday to settle charges for “misleading statements” connected to its target retirement funds that resulted in higher ...
"Materially accurate information about capital gains and tax implications is critical to investors saving for their ...
The $106.41 million penalty will be paid out to hundreds of thousands of investors, whom investigators say Vanguard failed to ...
Without admitting or denying the SEC's findings, Vanguard agreed to pay $18.2 million in disgorgement and prejudgment interest that will be deemed satisfied by the payment of $92.91 million in relief ...
Hero Images Inc / Getty Images Vanguard is a large asset management firm that offers brokered certificates of deposit (CDs) to its customers. Brokered CDs are bought through an intermediary ...
Top mutual fund manager Vanguard removed some of its guidance for U.S. companies to include women and minority directors, a sign of the shifting dynamics of corporate diversity efforts that have come ...
The SEC claims Vanguard made misleading statements about capital gains distributions and tax consequences to retail investors ...
Fine handed out by the US SEC comes after disclosure failures in target date retirement funds ...
Vanguard’s $5.7 trillion in mutual fund assets under management gives the firm about a 23% market share, roughly 40% more than runner-up Fidelity Investments’ total net assets, according to ...
As the name suggests, Vanguard Financials ETF is an index fund that aims to track the performance of the overall financial ...
Asset management giant Vanguard has been fined more than $100 million to settle charges related to disclosures around target date investment funds, the Securities and Exchange Commission announced ...