W2R
Moderator Emeritus
I don't know if many are following the threads on this at the Bogleheads forum. Apparently the feds are investigating Wellington Management, which manages the Vanguard Wellington and Wellesley funds among others. Major investment firms subpoenaed in insider trading probe - latimes.com
Consensus on the Bogleheads board seems to be that there is no reason to panic and sell, but that one should keep an eye on this situation.
It seems to me that if Wellington is eventually found guilty of insider trading, share prices of Wellesley could drop. A lot of our members have substantial holdings in Wellesley so the current investigation might be a good topic for discussion.
Consensus on the Bogleheads board seems to be that there is no reason to panic and sell, but that one should keep an eye on this situation.
It seems to me that if Wellington is eventually found guilty of insider trading, share prices of Wellesley could drop. A lot of our members have substantial holdings in Wellesley so the current investigation might be a good topic for discussion.