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Vanguard to pay $106 million in SEC accord
Vanguard to pay $106 million in SEC accord after saddling investors with big tax bills
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 stuck with inflated tax bills.
Vanguard to Pay $106 Million in Restitution to Retirement Fund Investors
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.
State AG, SEC reach $106M settlement from investment adviser Vanguard Group
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.
SEC, Merrill and Wells Fargo
Wells Fargo firms, Merrill Lynch to pay $60 mln to settle SEC charges
The U.S. Securities and Exchange Commission (SEC) on Friday said a pair of Wells Fargo Advisory firms and Merrill Lynch have agreed to pay a combined $60 million in civil penalties to settle charges over compliance failures.
Wells Fargo, Merrill to Pay $60 Million Penalties Over Cash Sweep Accounts: SEC
Advisory clients’ uninvested dollars were automatically swept into bank accounts that paid paltry interest, but were profitable for the companies, the SEC said.
Wells Fargo, Merrill settle SEC 'sweeps' probe for $60M
Regulators took the wirehouses to task for not having policies directing advisors to consider clients' best interests.
2d
on MSN
SEC sues Elon Musk, saying he didn’t disclose Twitter ownership on time before buying it
The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of ...
2d
on MSN
Elon Musk underpaid Twitter acquisition by $150M by not disclosing stake, SEC alleges
The SEC sued Elon Musk in federal court on Tuesday for allegedly misleading shareholders when he bought hundreds of millions ...
10h
on MSN
Digital Currency Group, former Genesis CEO to pay $38.5 million over SEC charges
The U.S. Securities and Exchange Commission on Friday said Digital Currency Group Inc. and the CEO of its now-defunct ...
2d
SEC Obtains Elon Musk Texts In Twitter Lawsuit
Text shows that the Twitter board was enthusiastic about Musk's decision to buy up large sections of the company ...
14h
Vanderbilt's Brodie Johnston projected SEC Freshman of the Year by Baseball America
Baseball America predicted Brodie Johnston to win SEC Freshman of the Year in its preseason award predictions.
16h
on MSN
Women's Bracketology: Big Ten, SEC combine for 22 teams in field with conferences off to record-setting pace
Back in November, we discussed how conference realignment and the Pac-12's fall could lead to conferences like the Big Ten ...
2d
on MSN
The SEC isn’t dominating college football anymore. Is it more than a blip?
For the second straight year, an SEC team won’t play in the national championship game. It’s too early to tell whether it’s ...
18h
Tennessee basketball at Auburn gets ESPN's 'College GameDay' for SEC showdown
ESPN announced Friday that "College GameDay" will be on hand when Tennessee basketball plays at Auburn on Jan. 25.
2d
SEC quarterbacks in 2025: Who’s running it back, who’s promoting and who’s transferring?
Things have now appeared to settle in the SEC, so let’s check in on the quarterback situations in the conference.
7h
Florida State Blue-Chip Wide Receiver Commitment Picks Up Offer From SEC Program
On Friday, four-star FSU wide receiver commitment Darryon Williams picked up an offer from South Carolina. Williams has been ...
11h
on MSN
SEC enforcement blitz targets 7 financial firms as Biden administration winds down
The SEC disclosed 7 actions against alleged misbehavior with only three days left for the Biden administration.
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