Vanguard Fined for Misleading Money Market Fund Customers

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Vanguard was fined and censured by the Financial Industry Regulatory Authority for errors that appeared in more than 8 million account statements

June 1, 2023 9:55 am ETVanguard overstated projected yield and annual income for nine money-market funds, a Wall Street regulator said.

Vanguard Group was fined and censured by the Financial Industry Regulatory Authority for errors that appeared in more than eight million account statements.Continue reading your article with

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