Vanguard Pays $106.41M to Settle Investor Allegations, Stays Away from Bitcoin ETF
🚨 Vanguard Settles Allegations for $106.41 Million 🚨
Vanguard has agreed to pay $106.41 million to resolve allegations of misleading statements about capital gains distributions and tax impacts, affecting investors in its Target Retirement Funds (TRFs). The settlement will benefit impacted retail investors.
In other news, Vanguard CEO Tim Buckley revealed that the company will not pursue a Bitcoin ETF, aligning with its stance against launching a gold ETF. The decision is based on Bitcoin's volatility, lack of intrinsic value, and no cash flow.
