The Vanguard Group headquarters are seen in Malvern, Pennsylvania, US. Photo: Mike Mergen/Bloomberg

The Financial Industry Regulatory Authority's Department of Enforcement fined Vanguard Marketing Corp., a subsidiary of The Vanguard Group, $800,000 for misstating estimated yield and annual income information related to money market funds on 8.5 million account statements.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.