Why Vanguard Was Ordered to Pay a $106 Million Fine Related to Target-Date Funds
Vanguard's fine centers on December 2020 actions related to the asset manager's target-date funds and capital gains taxes. Here's what you need to know.
Vanguard settles SEC charges over misleading statements for $106.41 million
The Vanguard Group, Inc. has agreed to pay $106.41 million to settle charges from the Securities and Exchange Commission (SEC) over misleading statements related to capital gains distributions and tax consequences for retail investors.
Vanguard fined more than $100 million by SEC over violations involving target date retirement funds
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 Friday.
State AG, SEC reach $106M settlement from investment adviser Vanguard Group
More than 15,000 New York investors, including 2,700 Long Islanders, were forced to pay higher capital gains taxes after Vanguard made changes to retirement funds.
Vanguard fined $106M over retirement fund disclosure violations
The Malvern investment giant was accused of alleged misleading statements to retail investors in targeted retirement funds.
Vanguard to Pay $106 Million Over Retirement Fund Violations (1)
Vanguard Groupwill 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.
Reuters10d
Vanguard to pay $106 million in SEC accord after saddling investors with big tax bills
Vanguard Group will pay $106.4 million to settle U.S. Securities and Exchange Commission charges alleging it failed to disclose important tax information about its popular target-date funds, resulting in hundreds of thousands of ordinary investors getting ...
Financial Advisor9d
Vanguard To Pay $106M Over Alleged Retirement Fund Violations
The money will go to target-date fund investors whom the company failed to warn about capital gains tax hits, the SEC said.
Vanguard to Pay $106 Million in Restitution to Retirement Fund Investors
An investigation by the S.E.C. and several states found that the company had failed to notify investors of changes in the terms of some funds, leading to higher capital gains taxes.
Cornerstone Wealth Management LLC Takes Position in Vanguard Large-Cap ETF (NYSEARCA:VV)
Cornerstone Wealth Management LLC purchased a new position in Vanguard Large-Cap ETF (NYSEARCA:VV – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
Hoodline7d
New York AG Letitia James and SEC Secure $106 Million from Vanguard for Failing to Notify Investors About Tax Impacts
New York AG secures $106M from Vanguard for not informing investors about changes leading to unexpected taxes.
Dakota Wealth Management Purchases Shares of 2,587 Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH)
Dakota Wealth Management purchased a new stake in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission.