Category: saddling
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Vanguard to pay $106 million in SEC accord after saddling investors with big tax bills
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Written by Chris Prentice and Jonathan Stempel (Reuters) – Vanguard Group will pay $106.4 million to settle U.S. Securities and Exchange Commission charges alleging it failed to disclose important tax information about its popular target-date funds, leaving hundreds of thousands of ordinary investors on the hook for inflated tax bills.…