The U.S. Securities and Exchange Commission (SEC) is making dozens of last-minute attempts to enshrine Biden-era financial policy in the financial market. Today the SEC announced seven multi-million dollar charges and settlements aimed at enforcing its strict rules for broker-dealers, investment advisers, and exchanges.
The biggest involved Vanguard, which settled charges for providing misleading statements to its clients regarding capital gains distributions and tax consequences for its Vanguard Investor Target Retirement Funds. The SEC fined the company $106.41 million, which will be paid to customers.
