Vanguard Australia Fined AU$12.9 Million For Misleading Green Investment Claims
Australia’s federal court has fined U.S. asset manager Vanguard’s local unit with a record AU$12.9 million fine for misleading investors on green investment options, securities watchdog Australian Securities & Investments Commission (ASIC) said Wednesday. Through a wide range of disclosures, Vanguard Investments Australia claimed to exclude those operating in sectors such as fossil fuels from … Read more
