logo
welcome
CNBC

CNBC

Vanguard fined more than $100 million by SEC over violations involving target date retirement funds

CNBC
Summary
Nutrition label

82% Informative

SEC says Vanguard failed to properly disclose potential impact of the investment threshold changes on distributions.

The fine of $106.41 million will be distributed to harmed investors.

Vanguard agreed to the fine without admitting or denying the SEC 's findings.

Vanguard is one of the world's largest asset managers, reporting more than $10 trillion of global assets.

VR Score

86

Informative language

87

Neutral language

65

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

no affiliate links