In a major settlement, Vanguard will pay $106 million to resolve SEC allegations related to its target date funds. The case centers around failures in disclosing the tax implications of changes made to the investment thresholds in 2020. SEC Slams Vanguard with $106M Settlement Vanguard has agreed to pay over $100 million to settle charges […]
Vanguard
Vanguard Breaks Tradition: Names BlackRock Alum as CEO
Salim Ramji, a veteran of BlackRock, will become the new CEO of Vanguard and board member, starting July 8. This is the first time Vanguard has hired an outsider as CEO. Every other one was an internal star and former Bogle assistant. Ramji previously led BlackRock’s global ETF business and oversaw the filing and logistics for […]
Vanguard CEO’s Shock Exit After 33 Years
In an abrupt move, CEO Tim Buckley of investment management firm Vanguard is set to relinquish his position by year-end, ending an illustrious career spanning 33 years. Chief Investment Officer Greg Davis will take over the additional role of President of the firm immediately. Buckley’s resignation came as a shock to many, as the industry veteran […]
Bitcoin ETF Boom: Vanguard’s $30B Triumph over Competitors
Vanguard’s resolute stance against Bitcoin ETFs has sparked both admiration and ire within the financial community. Despite the fervor surrounding cryptocurrency investments, Vanguard, true to its roots, remains steadfast in its commitment to traditional finance principles. Since the advent of BTC ETFs, Vanguard has witnessed an influx of approximately $30 billion in inflows, dwarfing the […]
Vanguard’s Bitcoin ETF Resistance Sparks Investor Exodus, Powering Calls For Change
Vanguard, one of the world’s largest investment firms, has come under fire for its refusal to offer Bitcoin ETFs to its customers. Cathie Wood, the founder and CEO of Ark Invest, a leading proponent of digital assets, has blasted Vanguard’s decision as “terrible” and “depriving” investors of a historic opportunity. In an interview with Yahoo […]
Vanguard Takes Stand: No Spot Bitcoin ETFs, No Crypto Products
Vanguard, a leading U.S. fund management company, has reinforced its anti-cryptocurrency position by announcing its refusal to allow users to purchase spot Bitcoin ETFs on its platform. According to a recent report from Axios, the firm will no longer accept the acquisition of cryptocurrency products, including Bitcoin futures ETFs The move signifies the company’s steadfast […]
Senator Warren Slams SEC On Bitcoin ETFs, Vanguard Opts Out, But Trading Hits $4.6B
Sen. Elizabeth Warren, a member of the Senate Banking Committee and a known critic of cryptocurrencies, lashed out at the Securities and Exchange Commission (SEC) for approving spot bitcoin exchange-traded funds (ETFs). The senator took to X to express her discontent, stating that the SEC was wrong on both legal and policy grounds regarding the decision to […]