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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American applications to Canadian universities jump as shadow of Trump crackdown spreads over U.S. colleges
Canadian universities, particularly the University of Toronto and the University of Waterloo, are experiencing a surge in interest from American students amid U.S. federal cuts and visa revocations. U of T noted a significant increase in U.S. applications for the 2025-26 academic year, while UBC Vancouver reported a 27% rise in graduate applications, attributing the spike to the Trump administration's scrutiny of foreign students. However, Canadian institutions face challenges due to a federal cap on...
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