Illinois residents could get money as part of $100M settlement with Vanguard – NBC Chicago

Illinois residents may receive a portion of a $106 million settlement with Vanguard for failing to disclose tax implications on retirement funds, resulting in higher capital gains taxes for investors. The settlement followed a multi-state investigation and SEC inquiry, with Vanguard lowering investment minimums and causing significant capital gains taxes for investors. More than 40 states are part of the settlement, and impacted investors will be notified by the SEC for compensation through its “Fair Fund” program.

Full Article