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https://www.wsj.com/articles/vanguard-fined-for-misleading-money-market-fund-customers-70fab86b

Vanguard Fined for Misleading Money-Market Fund Customers

Finra says asset manager sent statements with incorrect information about yields, income

By Justin Baer
Vanguard overstated projected yield and annual income for nine money-market funds, a Wall Street regulator said. Photo: Keith Srakocic/Associated Press

Vanguard Group was fined and censured by the Financial Industry Regulatory Authority for errors that appeared in more than eight million account statements. 

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.