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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.
42m
Hindenburg says not under investigation by U.S. SEC
Hindenburg Research denies SEC investigation amid allegations of collusion with hedge funds in preparing bearish reports.
2d
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.
Soap Central on MSN
5d
US Securities and Exchange Commission’s lawsuit against Elon Musk explored as X CEO is accused of non-disclosure of the app’s stock purchase
The Security and Exchange Commission (SEC) filed a lawsuit against Elon Musk, owner of social media giant X (formerly known ...
10h
on MSN
Hindenburg Research says not under investigation by US Securities and Exchange Commission
Hindenburg is not under investigation by the SEC, to our knowledge, and any suggestion to the contrary is false, the firm ...
3d
SEC settles charges against US hedge fund over investment model vulnerabilities
The U.S. Securities and Exchange Commission on Thursday settled charges against hedge fund Two Sigma over failure to address ...
5d
SEC sues Elon Musk for alleged failure to file timely disclosure of Twitter share purchases
The U.S. Securities and Exchange Commission is suing Elon Musk for allegedly failing to properly disclose his purchase of ...
The Daily Hodl
5d
US Judge Deems SEC’s Order To Deny Coinbase Rulemaking Petition ‘Arbitrary and Capricious’
A judge just ordered the U.S. Securities and Exchange Commission (SEC) to craft a more thorough response to a petition from ...
3d
Two Sigma Waited Four Years to Fix Known Flaw, SEC Alleges
Two Sigma Investments waited four years to address vulnerabilities that hedge fund employees noticed in its investment models ...
6d
on MSN
Court tells SEC to lay out why it has declined Coinbase’s request for crypto regulations
A federal appeals court says the U.S. Securities and Exchange Commission needs to better explain why it turned down a request ...
The Daily Hodl
21h
Crypto-Friendly Retail Trading Platform eToro Files for IPO on US Stock Market: Report
Israel-based retail trading firm eToro is reportedly spurning the London Stock Exchange in hopes of chasing a US initial ...
CoinDesk
6d
Binance.US Chief: The SEC Called Us a Cauldron of Fraud, Without Any Evidence
Gary Gensler’s Securities and Exchange Commission (SEC) branded Binance.US “a cauldron of fraud,” and used its power and ...
3d
on MSN
Fitness beverage company Celsius to pay $3 million fine to settle US SEC accounting case
Celsius Holdings, the fitness beverage company, will pay a $3 million civil fine to resolve charges it accounted improperly ...
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