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 Journals20d
Vanguard fined $106M over retirement fund disclosure violations
Vanguard Group has been fined $106 million for alleged misleading ... In the following months, the SEC said a substantial number of retirement plan investors moved to the institutional funds ...
NBC News20d
Vanguard fined more than $100 million by 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 ...
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 ...