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Vanguard to pay more than $100 million by SEC over violations involving target date retirement funds

17 January 2025
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Vanguard to pay more than 0 million by SEC over violations involving target date retirement funds
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Asset management giant Vanguard has agreed to pay over $100 million to settle SEC charges related to disclosures around target date investment funds, stemming from a 2020 change that led to redemptions and taxable distributions for remaining shareholders. The SEC found Vanguard failed to disclose the impact of lowering the minimum investment requirement for its institutional target date funds, resulting in larger capital gains distributions and tax liabilities for retail investors. Vanguard, known for its low-cost, investor-friendly reputation, will distribute the settlement to harmed investors without admitting or denying the SEC’s findings.

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Tags: Breaking News: Marketsbusiness newsdateFundsinvolvingMillionpayretirementSECtargetVanguardviolations
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