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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News24 | Inside The Box with Dr Andy Gray | Should pharmaceutical advertising in SA be better regulated, and why?
Dr. Andy Gray's latest column discusses the lack of regulations governing medicine advertising in South Africa, despite a legal requirement for the health minister to establish them for over 20 years. This absence raises concerns about the implications for pharmaceutical marketing practices in the country. Want More Context? 🔎
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