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The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.

Vanguard said a diversified, global PE portfolio can outperform global public equities over the long term by about 350 basis points, or 3.5%, annually. According to its 10-year median outlook, the ...

The two companies allegedly provided misleading statements and failed to disclose conflicts to retail and retirement plan investors, according to the agency.

Explore Business Insider's 2024 Vanguard review. Learn how its client-focused approach makes it a top choice for retirement saving and more.