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- Misuse of a workplace-benefit programFidelity Investments fired or allowed more than 200 employees to resign over alleged misuse of a workplace-benefit program. The company had reimbursed staff for as much as 20 percent of the cost of computers and related equipment, and also helped employees buy physical-fitness-related products such as FitBits.
www.shrm.org/topics-tools/news/benefits-compensation/fidelity-fires-200-worker… - People also ask
How the owners of Fidelity get richer at everyday investors' expense
WEBOct 5, 2016 · At Fidelity, ordinary fund investors are missing out on hot pre-IPO deals due to conflicts of interest with the funds’ billionaire owners.
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Fidelity charitable fund bankrolls "hate groups," critics say
- The Fidelity spokesperson told CBS MoneyWatch it is up to the 200,000 clients of its donor-advised charitable fund to say where the donations should go. "As an independent charity that is cause-neutral, it is not Fidelity Charitable's role to dictate what their values should be. Each of our individual donors has the right to decide which IRS-qualif...
- Estimated Reading Time: 10 mins
Fidelity’s $28.5 Million 401(k) Settlement Clears Final Hurdle
WEBJan 25, 2021 · Fidelity Investments received final approval for a $28.5 million class settlement with participants in its 401 (k) plan who claimed the firm used the plan’s …
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Press Release: SEC Charges Fidelity, Executives and …
WEBWashington, D.C., March 5, 2008 - The Securities and Exchange Commission today charged fund manager Fidelity Investments and 13 current or former employees …
401(k) lawsuit costs Fidelity $28.5 million - InvestmentNews
WEBJul 2, 2020 · Fidelity Investments is settling a lawsuit involving its own 401 (k) plan for $28.5 million, according to court records filed Thursday. The settlement resolves a class …
After sexual harassment cases, Fidelity’s CEO has moved her …
WEBNov 22, 2017 · Within the last two weeks, the CEO of the investment management giant -- which saw the departure of two fund managers in recent months following allegations of …
Former Fidelity Manager, Accused of Harassment in 2017, Plots a ...
WEBJun 13, 2019 · One of Fidelity Investments’ star stock pickers left the firm in 2017 following allegations of sexual harassment. Nearly two years later, he’s attempting a comeback.
SEC.gov | SEC Charges 16 Wall Street Firms with Widespread ...
WEBWashington D.C., Sept. 27, 2022 — The Securities and Exchange Commission today announced charges against 15 broker-dealers and one affiliated investment adviser for …
Fidelity may face a lesser fraud charge - MarketWatch
WEBAug 12, 2005 · BOSTON (MarketWatch) -- Federal regulators are mulling a civil fraud charge against Fidelity Investments for its alleged negligence in connection with a …
He says Fidelity wouldn’t let him sell during Reddit …
WEBFeb 13, 2021 · Louis Hernandez filed a claim with Wall Street’s self-regulator against Fidelity Brokerage Services on Thursday for blocking his attempts to unload shares of Nokia and AMC on January 28, his ...
MIT Accused Of Sweet Relationship With Fidelity, …
WEBAug 14, 2019 · The Massachusetts Institute of Technology, one of the nation's most prestigious universities, stands accused of hurting workers in the company's retirement plan by engaging in an improper...
Fidelity was supposed to be a woman-friendly Wall Street firm.
WEBOct 24, 2017 · This weekend, Fidelity became the latest in a string of high-powered companies facing sexual harassment scandals. Two prominent male employees were …
Fidelity sued for ‘secret payments’ in 401 (k) plans
WEBFeb 25, 2019 · Fidelity is violating the Employee Retirement Income Security Act of 1974, according to the plaintiff, Andre W. Wong, a participant in T-Mobile USA Inc.’s 401 …
Fidelity Fires Some 200 Workers for Misuse of Reimbursement …
WEBMay 9, 2018 · Fidelity Investments is in the news for letting go more than 200 workers who allegedly claimed employee-purchase program reimbursements they were not entitled …
SEC penalizes Fidelity over improper gifts - NBC News
WEBMar 6, 2008 · Federal regulators on Wednesday fined Fidelity Investments $8 million and brought civil charges against former star money manager Peter Lynch and 12 others for …
Fidelity, Vanguard and JPMorgan accused of ignoring human rights
WEBMay 14, 2020 · Fidelity Investments, Vanguard and JPMorgan Asset Management have been accused of paying lip service to human rights in a damning report that claims few …
Fidelity sued again for 401(k) plan mismanagement
WEBOct 11, 2018 · Fidelity Investments Inc. has been sued by participants in its company 401 (k) plan for alleged self-dealing that caused the firm to profit at the expense of its …
Fidelity wins whistleblower retaliation case by ex-employee
WEBNov 14, 2017 · A U.S. jury on Tuesday sided with Fidelity Investments in rejecting a claim the mutual funds company retaliated against a former employee after she complained …
Identity theft | Scam awareness and protection | Fidelity
WEBMay 1, 2024 · It's a scam. Never read back a one-time security code unless you initiated a call to our official phone number. Here’s how the imposter scam may play out: Your …
SEC fines Fidelity $8 million after probe of traders - SFGATE
WEBMar 6, 2008 · Federal regulators have fined Fidelity Investments $8 million and brought civil charges against former star money manager Peter Lynch and 12 others for receiving …
MoFi has been using digital all along, a scandal in the audio …
WEBAug 5, 2022 · (Caitlin O'Hara for The Washington Post) 13 min. Mike Esposito still won’t say who gave him the tip about the records. But on July 14, he went public with an …
MoFi Class Action Lawsuit: Judge Approves $25 Million Settlement
WEBMay 12, 2023 · A judge has rebuffed complaints over the proposed settlement reached in the Mobile Fidelity Sound Lab (MoFi) class action lawsuit, which sprung out of a major …
9 of the Biggest Financial Fraud Cases in History - U.S. News
WEB2 days ago · May 21, 2024, at 2:02 p.m. 9 Biggest Financial Fraud Cases. More. Reuters. The criminal trial of FTX founder Sam Bankman-Fried was one of the biggest financial …
Nuns Denounce Pope Francis, Break From Catholic Church - MSN
WEBPope Francis waving to pilgrims during his weekly general audience in St .Peter's Square at the Vatican on May 22, 2024. In Spain 16 nuns have broken from the Catholic church …
Fidelity Fined for Failing to Prevent Fraud - WSJ
WEBDec 18, 2015 · Fidelity Investments’ brokerage unit was slapped with about $1 million in sanctions for failing to detect or prevent theft from nine customers, most of whom were …
Infighting threatens to overshadow Texas Republican Party at …
WEB12 hours ago · The Texas Republican Party will kick off its biennial convention Thursday in San Antonio against the backdrop of intraparty animus and early voting and runoff …
Did the mystery donor behind a $10 million gift to a small climate ...
WEB1 day ago · The donor is anonymous with the gift coming from a donor-advised fund at Fidelity Charitable. Advertisement ... Ivan Boesky, epitome of Wall Street trading …
Infighting threatens to overshadow Texas Republican Party at …
WEB9 hours ago · He was also formally censured by the party in February for “for lack of fidelity to Republican principles and priorities. ... On Wednesday another potential scandal …
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