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.
fcfreepresspa12h
Vanguard Agrees to $106 Million Settlement Over Undisclosed Tax Consequences
Attorney General Anthony G. Brown announced today that the Office’s Securities Division, along with a task force of state securities regulators and the U.S. Securities and Exchange Commission (SEC), has
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 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.
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 stuck with inflated tax bills.
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.
Courthouse News Service6d
Investment firm Vanguard agrees to $106 million fine in SEC retirement fund probe
The $106.41 million penalty will be paid out to hundreds of thousands of investors, whom investigators say Vanguard failed to adequately inform of a critical change to its retirement funds.
Vanguard Settles With SEC Over Surprise Capital-Gains Taxes
Vanguard Group will pay $106.41 million to settle a Securities and Exchange Commission investigation related to its target-date retirement funds, the agency said Friday. The asset manager failed to di
Financial Advisor6d
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.
Hoodline4d
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.
UMB Bank n.a. Purchases New Shares in Vanguard ESG U.S. Corporate Bond ETF (BATS:VCEB)
UMB Bank n.a. acquired a new position in Vanguard ESG U.S. Corporate Bond ETF (BATS:VCEB – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
Park Avenue Securities LLC Acquires 708 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)
Park Avenue Securities LLC increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS – Free Report) by 7.1% during the 4th quarter, HoldingsChannel reports. The fund owned 10,