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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.
37m
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.
Hosted on MSN
41m
Helium vows to fight SEC lawsuit as founder calls allegations baseless
The decentralized physical infrastructure (DePIN) network Helium has promised to defend itself against the recent Securities ...
2d
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
Wells Fargo and Bank of America Agree to Pay Combined $60 Million to Settle SEC Probe
In the enforcement actions announced Friday, the regulator said the two firms agreed to settle the charges without admitting ...
Hosted 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 ...
JD Supra
3h
U.S. Court of Appeals for the Fifth Circuit Vacates SEC’s Approval of Nasdaq’s Board Diversity Rules
On December 11, 2024, the U.S. Court of Appeals for the Fifth Circuit (“Fifth Circuit”) vacated the U.S. Securities and Exchange Commission’s ...
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 ...
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 ...
3d
Fitness Beverage Company Celsius to Pay $3 Million Fine to Settle US SEC Accounting Case
(Reuters) - Celsius Holdings, the fitness beverage company, will pay a $3 million civil fine to resolve charges it accounted ...
3d
Litecoin ETF Draws Near as Nasdaq Files Form Key to SEC Approval
Nasdaq and Canary Capital Group submitted new filings to the US Securities and Exchange Commission this week that are key to ...
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 ...
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