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Old 11-29-2010, 12:04 AM   #21
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Originally Posted by target2019 View Post
Wellington isn't the target of the investigation as best I can tell. Should the thread title be changed?
How's that? I have to admit that I would hate to be them, if they knowingly benefited from insider trading. Here's a relevant link:

Feds Now Targeting Big Fund Companies

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Old 11-29-2010, 09:07 AM   #22
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Originally Posted by W2R View Post
Apparently the feds are investigating Wellington Management, which manages the Vanguard Wellington and Wellesley funds among others.
Surprising news, for sure. I hope it does not negatively affect shareholders in any serious way. But I will withhold judgment until Uncle Mick weighs-in on this one, for obvious reasons.

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Old 11-29-2010, 10:14 AM   #23
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I had always thought it was suspicious that any stock buy that I made was always at the highest for the day and any sell was at the lowest until I learned about the "daily special" terms that big traders could garner.
Insider trading has always been a "tax" on the system, now there is software that can pinpoint illegal activity. Just ask Martha Stewart.
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Old 11-29-2010, 10:17 AM   #24
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Having just finished The Big Short its not like I have a lot of trust/faith in any financial institutions.

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Old 11-30-2010, 04:35 PM   #25
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I think the chances of any mutual fund investor losing money from a Vanguard fund managed by Wellington are so remote that its silly to worry about it, even if Wellington management did something illegal.
This thread borders on financial porn.
Also, this is not the first time:

S.E.C. Mutual Fund Inquiry Widens to Include Wellington - New York Times

That was 2004.

Now if I had money invested somehow with Wellington Management Company, LLP, that would be a different matter.

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