Vanguard to Pay $106 Million in Restitution to Retirement Fund Investors

• Vanguard to pay more than $100 million to SEC over violations involving target date retirement funds

  The payment stems from a 2020 change by Vanguard that led to redemptions in one class of target date funds.
  
  CNBC - 2h

• Crypto firm Digital Currency Group to pay SEC $38.5 million for misleading investors

  Digital Currency Group, the crypto firm founded by Barry Silbert, is paying the SEC $38.5 million for misleading investors.
  
  CNBC - 3h
• 

  Vanguard to Pay $106.4 Million to Resolve Alleged Violations Linked to Retirement Funds

  The SEC said a lack of notifications by Vanguard drove higher capital gains tax bills for many retail investors.
  
  The Wall Street Journal - 5h

• Bond funds are offering a ‘double whammy’ for investors

  Many of these funds are trading at deep discounts and may have tempting distribution yields
  
  MarketWatch - 3h
• 

  Vanguard fined more than $100 million by SEC over violations involving target date retirement funds

  Asset management giant Vanguard has been fined more than $100 million to settle charges related to disclosures around target date investment funds, the Securities and Exchange Commission announced ...
  
  NBC News - 5h

• Microsoft contributes $1 million to Trump's inauguration fund

  Microsoft would like President-elect Donald Trump to make sure that U.S. artificial intelligence policy in the next four years will support its goals.
  
  CNBC - Jan. 9
• 

  Santos claims he can't pay restitution despite earning $400K on Cameo: Prosecutors

  Prosecutors opposed George Santos' attempt to delay his sentencing, arguing that the public has "a strong collective interest in the expeditious resolution of this case."
  
  ABC News - Jan. 7

• Helping boomers spend their retirement funds is harder than it sounds

  Worries about running out of money makes people frugal and wary of taking any big pension decisions
  
  Financial Times - Jan. 3

• US investors in China venture funds race to comply with new tech rules

  Financial institutions rush to secure assurances their money is not being used to develop Chinese technology
  
  Financial Times - Jan. 1

More from The New York Times

• 

  Russian Disinformation Campaigns Eluded Meta’s Efforts to Block Them

  A new report details how a covert influence operation linked to the Kremlin continued to place ads on Facebook despite U.S. and E.U. prohibitions on doing business with the organization.
  
  The New York Times - 4h
• 

  What Did Trump’s Tax Cuts Do?

  Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.
  
  The New York Times - 10h
• 

  Spain Overhauls Domestic Violence System After Criticism

  Spain uses an algorithm to score how likely a domestic violence victim is to be abused again. A Times investigation last year identified flaws in the system.
  
  The New York Times - 18h
• 

  Ahead of Trump Presidency, the Fed Quits Global Climate Network

  The central bank said it had decided to leave the network after the group’s work “increasingly broadened in scope.”
  
  The New York Times - 10m
• 

  Amid Warnings About Alcohol and Cancer, the N.A. Drinks Industry Could Get a Boost

  The nonalcoholic beverage industry could get a boost from the surgeon general’s warnings linking alcohol to some cancers. But don’t expect the industry to condemn your glass of pinot.
  
  The New York Times - 1d

More in Business

• 

  Ahead of Trump Presidency, the Fed Quits Global Climate Network

  The central bank said it had decided to leave the network after the group’s work “increasingly broadened in scope.”
  
  The New York Times - 10m
• 

  Jean Jennings, Who Wrote With Verve About Cars, Dies at 70

  A cabdriver and mechanic before becoming a journalist, she brought personality and adventure to a once-staid genre.
  
  The New York Times - 13m
• 

  American Airlines Accused of Discrimination by Interracial Couple

  In a lawsuit, two newlyweds say they were detained after a passenger and airline employees wrongly suspected the Black husband of trafficking his white wife.
  
  The New York Times - 14m

• DOJ sues Walgreens, alleging it 'knowingly' filled millions of prescriptions that lacked legitimate medical purposes

  Some Walgreens patients died of overdose shortly after getting invalid prescriptions filled at Walgreens, the DOJ alleges in the new lawsuit.
  
  CNBC - 21m

• T-bill supply will turn negative soon without a U.S. debt-limit deal: BofA

  Incoming President Donald Trump’s second administration kicks off as the U.S. debt-ceiling debate enters another critical juncture.
  
  MarketWatch - 32m