Vanguard Advisers to pay $19.5M fine to settle SEC charges

Vanguard to pay $19.5M over SEC claims of advisor conflicts

Vanguard agrees to pay the SEC $19.5 million to settle allegations that it had given financial advisors incentives to enroll clients in certain services without disclosing how they were being compensated.

Vanguard to Pay $19.5M to Settle SEC Disclosure Charges

Vanguard and Empower will pay $19.5m and nearly $6m, respectively, in settlements. The commission argued the firms did not adequately disclose potential conflicts of interest to clients in managed accounts.

Vanguard Advisers to pay $19.5M fine to settle SEC charges

The Securities and Exchange Commission (SEC) announced today that it has filed a settled administrative proceeding against Vanguard Advisers, Inc.