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Commentary by TheShadow , August

"Vanguard Group, Inc, has settled with the Massachusetts Secretary of State concerning its popular target-date retirement funds. In December 2020, Vanguard reduced the minimum investments for its institutional investors. This change triggered an outflow from its higher-cost funds, which resulted in the funds selling securities and generating capital gains for investors with taxable accounts. Vanguard did not admit any wrongdoing in the case. The settlement includes $5.5 million to Massachusetts investors holding taxable accounts and $750,000 to the State of Massachusetts."

I was wondering if other states have or will be targeting VG for a settlement ? Does anyone have any info ?

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