Maryland
Maryland AG joins $106 million multistate settlement with Vanguard
BALTIMORE — Maryland Attorney General Anthony Brown joined a $106 million multistate settlement with Vanguard over big tax bills, the AG said Wednesday.
According to the settlement, Vanguard failed to properly disclose tax implications when it lowered investment minimums for its Institutional Target Retirement Funds in 2020, triggering significant capital gains taxes for hundreds of thousands of retail investors.
“Marylanders who entrust their hard-earned money to investment firms deserve transparency and fairness-not surprises that cost them thousands in unexpected taxes,” Attorney General Brown said. “This settlement sends a clear message: we will hold companies accountable when they put profits over the interests of everyday investors.”
According to the investigation, Vanguard lowered investment minimums for its Institutional Target Retirement Funds mutual fund, which was historically purchased by institutional investors. The lowered investment minimums caused numerous retirement plan investors to redeem their investor TRF shares to purchase TRF shares.
When retirement plan investors moved to the newly accessible institutional funds, it forced the sale of highly appreciated assets in the original investor funds, creating unexpected tax burdens for remaining shareholders, according to the AG.
The SEC will notify impacted investors and compensate them with remediation payments through its Fair Fund program. The settlement covers both The Vanguard Group, Inc. and its subsidiary, Vanguard Marketing Corporation, a registered broker-dealer.
Maryland investors are encouraged to contact the state’s Securities Division at 410-576-6300.
A Howard County resident tested positive for measles after returning from international travel, according to the Maryland Department of Health and Howard County health officials.
Officials say the measles case is not associated with the measles outbreak in Texas and New Mexico.
Anyone who visited the following locations during the following hours may have been exposed:
- Washington Dulles International Airport: The international arrivals area
March 5th: 4 p.m. – 9 p.m. - Johns Hopkins Howard County Medical Center Pediatric Emergency Department
March 7th: 3:30 p.m. – 7:30 p.m.
The Virginia Department of Health, the Maryland Department of Health and Howard County health officials are looking to identify people who might have been exposed, including contacting potentially exposed passengers on specific flights.
Those who may have been exposed should contact their healthcare provider for additional guidance.
They can also call Howard County Health Department’s Infectious Disease Surveillance and Response Program at 410-313-6284 or the Virginia Department Health at (804) 363-2704 or email epi_response@vdh.virginia.gov.
The teams were tied after 60 minutes but overtime saw the Danbury Jr. Hat Tricks come away with the close win over the Maryland Black Bears on Saturday, March 07, 2025.
The final score was 5-4.
Danbury’s
Brendan Boring
scored the game-winning goal.
The Hat Tricks opened strong, right after the puck drop with Kai Elkie scoring in the first period.
The Hat Tricks scored three goals in second period an held the lead 4-2 going in to the second break.
The Black Bears narrowed the gap again late in the third period when
Luke Janus
netted one, assisted by Isac Nielsen and
Mason Stenger
.
The Black Bears tied the score 4-4 with 31 seconds remaining of the third after a goal from Isac Nielsen, assisted by
Trey Hinton
and Mason Stenger.
In overtime, it took 4:21 before Brendan Boring scored the game-winner for the team.
Next games:
Both teams will be back in action on Friday, March 14, 2025 when the Black Bears face Northeast at 6 p.m. CST at Piney Orchard Ice Arena and the Hat Tricks play the Johnstown Tomahawks at 6 p.m. CST at Danbury Ice Arena.
Read more NAHL coverage
Automated articles produced by United Robots on behalf of The Rink Live.
Maryland
Julian Reese scores 19 points to help No. 13 Maryland pull away from Northwestern for a 74-61 win
COLLEGE PARK, Md. (AP) — Julian Reese had 19 points and 11 rebounds in his home finale, and No. 13 Maryland pulled away late for a 74-61 victory over Northwestern on Saturday.
The Terrapins (24-7, 14-6 Big Ten) had a sluggish day offensively but did enough to win for the seventh time in eight games — with the only defeat coming on a 65-foot shot at the buzzer against Michigan State late last month.
Ja’Kobi Gillespie scored 17 points for the Terps, and Derik Queen added 10 points and 10 rebounds.
Maryland snapped a three-game skid against Northwestern, which included an overtime loss to the Wildcats in January.
Nick Martinell scored 28 points for Northwestern (16-15, 7-13), which is still likely to reach the Big Ten Tournament despite the loss.
The Wildcats led for a good deal of the first half and were up 42-41 in the second before being outplayed down the stretch.
Take
aways
Northwestern: The Wildcats played Maryland tough this season, but they ultimately didn’t have enough offensive firepower, going 4 for 19 from 3-point range in this one.
Maryland: The Terrapins reached a new level after that loss to Northwestern earlier in the season. They’re 11-2 since then.
Key moment
A 14-4 Maryland run, which included 3-pointers by Gillespie and Rodney Rice, gave the Terps a 55-46 lead. They never looked back.
Key stats
Maryland had 16 offensive rebounds, while Northwestern managed only 17 defensive rebounds. The Terps had a 14-4 edge in second-chance points.
Up next
Maryland will be either the No. 2 or No. 3 seed in the Big Ten Tournament. The top 15 teams qualify. Northwestern was one of five teams tied for the final five spots with one game remaining, with Iowa just a game behind.
___
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