Nearly $45 billion flowed into Vanguard ETFs in the third quarter, compared to BlackRock Inc.’s $25 billion haul.
Private foundations are using the funds to sidestep federal laws designed to make sure the wealthy donate money to the needy in a timely fashion, not delay the gifts for generations.
The securities watchdog said she broke US rules by not disclosing she was paid for the promotion.
CEO Ulrich Koerner had sought to calm employees and the markets over the weekend only to see his carefully worded memo have the opposite effect.
The fund might include firms that have products or services tied to virtual platforms, social media, gaming, digital assets and augmented reality.
I-Bonds Bucket allows users to invest in the securities while bypassing the glitchy TreasuryDirect.gov website.
The new fund will have an expense ratio of just 0.03%. That’s lower than even The Vanguard Group’s $17 billion muni ETF, which charges 0.05%.
In court documents, the SEC described at least a few senior managers at each firm who engaged in rampant texting with colleagues and clients.
The penalties levied against firms including Citigroup, Bank of America and Goldman Sachs constitute the largest-ever penalties against US banks for record-keeping lapses.
The results of the investigation could be released as soon as Wednesday and could see regulators extracting total fines of around $2 billion.
