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 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's $106 million target-date fund settlement offers a key lesson about taxes
Investors can boost their after-tax returns by pairing assets with taxable accounts or tax-advantaged retirement accounts like 401(k) plans and IRAs.
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 Group to pay US$106-million in SEC accord after saddling investors with big tax bills
The settlement stemmed from Vanguard’s December 2020 decision to reduce the minimum investment in lower-cost fund classes meant for institutional clients to US$5-million from US$100-million
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.
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SEC Fines Vanguard for Misleading Retail Target Date Fund Investors
The regulator determined that the firm failed to provide accurate details regarding the capital gains and tax consequences associated with a change in investment minimums.
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
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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.
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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.
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.
Merit Financial Group LLC Has $620,000 Holdings in Vanguard Total World Stock ETF (NYSEARCA:VT)
Merit Financial Group LLC grew its holdings in Vanguard Total World Stock ETF (NYSEARCA:VT – Free Report) by 42.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).