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 ...
Vanguard was accused of alleged misleading statements to retail investors in targeted retirement funds. Vanguard Group has been fined $106 million for alleged misleading statements to retail ...
20don MSN
The alleged violations stem from a 2020 change where Vanguard lowered the minimum investment requirement for its institutional target date funds. The fine of $106.41 million will be distributed to ...
Vanguard to pay more than $100 million to SEC over violations involving target date retirement funds
The SEC order found that the change spurred redemptions ... similar to another recent Vanguard legal run-in. In 2023, Vanguard was fined $800,000 by the Financial Industry Regulatory Authority ...
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