A Black Eye for Vanguard

On February 11, a Vanguard Group customer received 71 account emails detailing how much money other customers withdrew from their accounts, along with names. The emails involved transactions that ranged from $3 to more than $50,000. They also included the amounts of various transactions they had made with Vanguard, including withdrawals, loan payments and rollover requests. The Securities and Exchange Commission (SEC) recently made it clear that protecting customer information is a priority.

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