Vanguard to pay $106 million to settle SEC charges

PANews reported on January 18 that the U.S. Securities and Exchange Commission (SEC) stated in a press release that The Vanguard Group, Inc. will pay $106.41 million to settle allegations that it made misleading statements about capital gains distributions and tax effects that affected retail investors who held Vanguard Investor TRFs in taxable accounts. The settlement amount will be distributed to affected investors.

Earlier news, Vanguard Group CEO Tim Buckley said that the company would not seek a Bitcoin ETF like competitors such as BlackRock and Fidelity. A spokesperson said that the reason for not launching a Bitcoin ETF is the same as the reason why a gold ETF has never been launched. Bitcoin lacks "intrinsic value", has no cash flow, and is too volatile.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
A whale deposited $14.54 million worth of ETH into Binance, leaving $17.84 million worth of ETH still in Spark.
PANews Newsflash