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 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 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.
The Malvern investment giant was accused of alleged misleading statements to retail investors in targeted retirement funds.
New York AG secures $106M from Vanguard for not informing investors about changes leading to unexpected taxes.
Investors can find plenty of great exchange-traded funds (ETFs) to generate income. Which Vanguard ETFs offer the highest dividend yields? The SEC yield, by the way, is a metric developed by the SEC to help investors compare funds.
Arkansans who invested in Vanguard retirement funds are in line to be repaid for some losses, the Arkansas Securities Department announced Friday. Arkansas joined the U.S. Securities and Exchange Commission and other state regulators in a $106 million settlement with Vanguard Marketing Corp.
Merit Financial Group LLC acquired a new stake in Vanguard U.S. Momentum Factor ETF (BATS:VFMO – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The Vanguard Group is expanding its active management footprint with a new short-duration bond ETF that is slated to launch by April. The Malvern, Pennsylvania-based asset manager has filed with the Securities and Exchange Commission for the Vanguard Short Duration Bond ETF (VSDB).
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.
The money will go to target-date fund investors whom the company failed to warn about capital gains tax hits, the SEC said.