NexusOrBust t1_jadjlpv wrote

Not sure if everyone has the same fund lineup at Health Equity or not, but they can't even properly identify if the funds they offer are actively or passively managed. They have always shown the Vanguard Target Funds as actively managed. They used to list all Vanguard funds as passively managed even though they sold the Vanguard Wellesley Fund, which is definitely actively managed.

I could never figure out their corporate structure enough to know which entity to report and what agency to report them to. I don't think it rises to the level of fraudulently misrepresenting securities, but it must be close.