Civil Plaintiff
Vanguard Will Pay $5.5 Million to Settle a Target Date Fund Investigation
The settlement comes after Galvin’s office opened an investigation earlier this year into Vanguard and several other broker/dealers.
By using our website, you consent to the use of cookies and tracking technologies as outlined in our privacy policy.
The settlement comes after Galvin’s office opened an investigation earlier this year into Vanguard and several other broker/dealers.
As a part of the settlement, Vanguard will establish a $5.5 million fund to pay restitution to harmed investors (and spending $200,000 to run it), while paying a one-time fine of $500,000 to the Bay State.
