SEC Fines Vanguard $106 Million Over "Investor TRFs Tax Consequences"

The Securities and Exchange Commission (SEC) today (Friday) announced that The Vanguard Group, Inc. will pay $106.41 million to resolve charges related to misleading statements about capital gains distributions and tax implications. These charges pertain to retail investors holding Vanguard Investor Target Retirement Funds (Investor TRFs) in taxable accounts. The settlement funds will be distributed…