Vanguard to pay more than $100 million to SEC over violations involving target date retirement funds
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 ...
The Business Journals19d
Vanguard fined $106M over retirement fund disclosure violations
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 ...
napa-net1d
Vanguard Moves to Significantly Lower Fees
Vanguard announced this week that, effective Feb. 1, it is reducing expense ratios on 87 funds and 168 share classes.
NBC News19d
Vanguard fined more than $100 million by SEC over violations involving target date retirement funds
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 ...
NBC New York20d
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 ...