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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Israel seeking to deport activists detained on Gaza-bound boat: NGO
Israel is seeking to deport 21 pro-Palestinian activists, detained after their Gaza-bound boat, the Handala, was intercepted by the navy in international waters while attempting to breach the maritime blockade. Legal aid center Adalah claims the activists were forcibly taken and are being treated as illegal entrants, with some agreeing to deportation while others remain in custody pending hearings. Want More Context? 🔎
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