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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.

The New York Times · 15h

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.

NBC News · 17h

Vanguard fined more than $100 million by SEC over violations involving target date retirement funds

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

SEC, Merrill and Wells Fargo

Reuters · 22h

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.

Barron's on MSN · 19h

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.

Financial Planning · 17h

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.

SEC, Genesis and Digital Currency Group

Hosted on MSN · 14h

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 subsidiary Genesis Global Capital LLC have agreed to pay a combined $38.5 million in civil penalties to settle charges they misled investors about Genesis's financial condition.

Business Insider · 16h

DCG, Former Genesis CEO to Pay SEC $38.5M to Settle Securities Fraud Charges

Digital Currency Group (DCG) and Soichoro “Michael” Moro, the former CEO of its now-defunct Genesis subsidiary, have agreed to pay a combined

NBC New York · 16h

Crypto firm Digital Currency Group to pay SEC $38.5 million for misleading investors

Digital Currency Group, the crypto firm founded by Barry Silbert, is paying the SEC $38.5 million for misleading investors.

LPL financial, SEC

Barron's on MSN · 17h

LPL to Pay $18 Million to Resolve Anti-Money-Laundering Allegations

The Securities and Exchange Commission alleges that LPL didn’t adhere to an organized process for addressing restrictions on accounts that failed its customer identification program.

Business Insider · 21h

LPL Financial to pay civil penalty of $18M to settle SEC charges

The Securities and Exchange Commission announced charges against broker-dealer and investment adviser LPL Financial (LPLA) for multiple

The San Diego Union-Tribune o… · 10h

SEC charges La Jolla’s LPL Financial with anti-money laundering violations

LPL Financial, a La Jolla-based investment and wealth management services firm, will pay $18 million to settle charges by the Securities and Exchange Commission for violations of anti-money laundering policies.

2don 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 ...

19hon 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 ...

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 ...

2don 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 ...

17h

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.

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.

12h

DCG Pays $38 Million Fine to Settle SEC Investigation

Crypto company Digital Currency Group agreed to pay a $38 million fine to settle with the Securities and Exchange Commission ...

22h

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.

14hon 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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Vanguard to pay $106 million in SEC accord

SEC, Merrill and Wells Fargo

SEC, Genesis and Digital Currency Group

LPL financial, SEC

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