Vanguard, an American investment group, has agreed to pay over $106 million to settle charges brought by the SEC regarding allegedly misleading statements made to investors about retirement funds. The SEC claimed that Vanguard deliberately misled investors about key components of its Institutional Target Retirement Funds (TRFs), resulting in financial losses for some investors. The funds received from the settlement will be distributed to the affected investors. While Vanguard has generally avoided crypto ETFs, the SEC's recent approval of Ethereum ETFs has raised questions about how the SEC's cooling stance on crypto will impact the company. This settlement could serve as a test case for future SEC enforcement actions against Vanguard.



Other News from Today