Vanguard's fine centers on December 2020 actions related to the asset manager's target-date funds and capital gains taxes. Here's what you need to know.

The Vanguard Group, Inc. has agreed to pay $106.41 million to settle charges from the Securities and Exchange Commission (SEC) over misleading statements related to capital gains distributions and tax consequences for retail investors.

The Malvern investment giant was accused of alleged misleading statements to retail investors in targeted retirement funds.

The violations stem from a 2020 change where Vanguard lowered the minimum investment requirement for its institutional target date funds.

Vanguard Groupwill pay more than $106 million to settle US Securities and Exchange Commission allegations that it made misleading statements about capital gains distributions and tax consequences to retail investors who held popular target-date retirement funds in taxable accounts.

More than 15,000 New York investors, including 2,700 Long Islanders, were forced to pay higher capital gains taxes after Vanguard made changes to retirement funds.

Vanguard Group will pay $106.4 million to settle U.S. Securities and Exchange Commission charges alleging it failed to disclose important tax information about its popular target-date funds, resulting in hundreds of thousands of ordinary investors getting ...

Cornerstone Wealth Management LLC purchased a new position in Vanguard Large-Cap ETF (NYSEARCA:VV – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

An investigation by the S.E.C. and several states found that the company had failed to notify investors of changes in the terms of some funds, leading to higher capital gains taxes.

New York AG secures $106M from Vanguard for not informing investors about changes leading to unexpected taxes.

The mutual fund titan harmed investors by failing to disclose risks relating to capital gains distributions in its retail target-date retirement funds, according to the SEC.

Dakota Wealth Management purchased a new stake in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission.