Vanguard to pay $106 million to settle SEC charges
on January 18th, the US Securities and Exchange Commission (SEC) stated in a press release that The Vanguard Group, Inc. will pay $106.41 million to settle charges related to misleading statements about capital gains distributions and tax impacts, which affected retail investors holding Investor TRFs in taxable accounts. The settlement amount will be distributed to affected investors.
Previously, Vanguard Group CEO Tim Buckley stated that the company will not seek a bitcoin ETF like competitors BlackRock and Fidelity. A spokesperson cited the same reason for not launching a bitcoin ETF as for not launching a gold ETF, namely that bitcoin lacks "intrinsic value," has no cash flows, and is too volatile.
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