Vanguard Fined $100...
 
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Vanguard Fined $100 Million

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(@pizzaman)
Honorable Member Customer
Joined: 4 years ago
Posts: 475
Topic starter  

Even beloved Vanguard need to be watched carefully 🧐.

Asset management giant Vanguard has agreed to pay more than $100 million to settle charges related to disclosures around target date investment funds, the Securities and Exchange Commission announced Friday.

The alleged violations stem from a 2020 change where Vanguard lowered the minimum investment requirement for its institutional target date funds. The SEC order found that the change spurred redemptions as Vanguard customers moved from other target date funds into the institutional versions, creating taxable distributions for some of the remaining shareholders. The SEC said Vanguard failed to properly disclose the potential impact of the investment threshold changes on distributions.

The payment of $106.41 million will be distributed to harmed investors, the SEC said. Vanguard agreed to the settlement without admitting or denying the SEC’s findings.

https://www.cnbc.com/2025/01/17/vanguard-fined-more-than-100-million-by-sec-over-violations-involving-target-date-retirement-funds.html


   
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 NC
(@nc-cpl)
Reputable Member
Joined: 4 years ago
Posts: 277
 

Pizza - contact me directly if you still have my email.


   
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(@pizzaman)
Honorable Member Customer
Joined: 4 years ago
Posts: 475
Topic starter  

@nc-cpl Sorry I do not. Have to get it from Stuart.


   
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