This is an archive of a consumer complaint published against Vanguard Group at DirtyScam.com-
Business Details –
- Name: Vanguard Group
- Address: North Northsight Boulevard
- City: Scottsdale
- State: AZ
- Phone: (877) 320-3099
- Website: https://vanguard.com
- Reported Loss: 100 $
- Severity of Scam: High
Original Complaint against Vanguard Group published at DirtyScam.com says, verbatim –
This is a true example of Vanguard Group Math. If you invest $190,000 divided by $57.72 per share=3291.7530 Shares X $57.72 per share = $189999.98 would be your starting balance. Thats how Vanguard cheats people everyday.Think about it 2 Cents X 1,000,000 transactions= $20,000 ill gotten gains for Vanguard.This math representation is based on a recent calculation Vanguard did when I made a recent transaction in my account.When I questioned it they said it was called rounding. I call it cheating me out of 2 Cents. If they are doing this kind of thing to me they are probably doing it to you.How fair, and in your best interest is that? You may say Hey its only 2 Cents.Well, if thats the case why didnt Vanguard Round Up. How could I possible lose money on a purchase before any market activity took place? I lost 2 Cents because of Vanguard Math.Vanguard John Bogle would be ashamed of the company you have become. How much are you loosing with Vanguard?
