{"id":21609,"date":"2022-02-01T09:11:10","date_gmt":"2022-02-01T15:11:10","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=21609"},"modified":"2022-02-01T09:11:10","modified_gmt":"2022-02-01T15:11:10","slug":"fidelity-brokerage-services-margin-trading","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/fidelity-brokerage-services-margin-trading\/","title":{"rendered":"Fidelity Accused of \u201cLackadaisical\u201d Vetting of Investors Wanting To Trade in Complex, Risky Investments"},"content":{"rendered":"

Massachusetts\u2019 Securities Regulator Says Fidelity Brokerage Services \u201cRubber Stamped\u201d Options Trading Applications<\/span><\/h2>\n

William Galvin, head of the Massachusetts Securities Division, has filed an administrative complaint against Fidelity Brokerage Services. The firm has been accused of not making a good enough attempt to vet investors\u2019 applications before allowing them to engage in options and margin trading. This led to financial losses for investors.<\/span><\/p>\n

The state regulator accused the broker-dealer of having a \u201chalfhearted and lackadaisical attitude\u201d when it came to protecting retail investors. Fidelity Brokerage Services failed to reasonably perform due diligence related to approving customers’ accounts\u2014a violation of Massachusetts securities laws. Fidelity Brokerage Services is a subsidiary of Boston-based Fidelity Investments.<\/span><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Massachusetts\u2019 Securities Regulator Says Fidelity Brokerage Services \u201cRubber Stamped\u201d Options Trading Applications William Galvin, head of the Massachusetts Securities Division, has filed an administrative complaint against Fidelity Brokerage Services. The firm has been accused of not making a good enough attempt to vet investors\u2019 applications before allowing them to engage in options and margin trading. […]<\/p>\n","protected":false},"author":2,"featured_media":21610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3819,3839],"tags":[4683,2911,2810],"class_list":["post-21609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fidelity","category-margin-accounts","tag-fidelity-brokerage-services","tag-margin-trades","tag-options-trading"],"yoast_head":"\nFidelity Brokerage Services Failed to Vet Investors<\/title>\n<meta name=\"description\" content=\"Fidelity Brokerage Services is accused of failing to vet investors that wanted to get involved in options and margin trading. Learn more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/fidelity-brokerage-services-margin-trading\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Fidelity Brokerage Services Failed to Vet Investors\" \/>\n<meta name=\"twitter:description\" content=\"Fidelity Brokerage Services is accused of failing to vet investors that wanted to get involved in options and margin trading. Learn more.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/02\/john-schnobrich-yFbyvpEGHFQ-unsplash-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fidelity Brokerage Services Failed to Vet Investors","description":"Fidelity Brokerage Services is accused of failing to vet investors that wanted to get involved in options and margin trading. Learn more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/fidelity-brokerage-services-margin-trading\/","twitter_card":"summary_large_image","twitter_title":"Fidelity Brokerage Services Failed to Vet Investors","twitter_description":"Fidelity Brokerage Services is accused of failing to vet investors that wanted to get involved in options and margin trading. Learn more.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/02\/john-schnobrich-yFbyvpEGHFQ-unsplash-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/fidelity-brokerage-services-margin-trading\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/fidelity-brokerage-services-margin-trading\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Fidelity Accused of \u201cLackadaisical\u201d Vetting of Investors Wanting To Trade in Complex, Risky Investments","datePublished":"2022-02-01T15:11:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/fidelity-brokerage-services-margin-trading\/"},"wordCount":595,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/fidelity-brokerage-services-margin-trading\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/02\/john-schnobrich-yFbyvpEGHFQ-unsplash-1.jpg","keywords":["Fidelity Brokerage Services","Margin Trades","options trading"],"articleSection":["Fidelity","Margin Accounts"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/fidelity-brokerage-services-margin-trading\/","url":"https:\/\/www.investorlawyers.com\/blog\/fidelity-brokerage-services-margin-trading\/","name":"Fidelity Brokerage Services Failed to Vet Investors","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/fidelity-brokerage-services-margin-trading\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/fidelity-brokerage-services-margin-trading\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/02\/john-schnobrich-yFbyvpEGHFQ-unsplash-1.jpg","datePublished":"2022-02-01T15:11:10+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Fidelity Brokerage Services is accused of failing to vet investors that wanted to get involved in options and margin trading. Learn more.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/fidelity-brokerage-services-margin-trading\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/fidelity-brokerage-services-margin-trading\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/fidelity-brokerage-services-margin-trading\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/02\/john-schnobrich-yFbyvpEGHFQ-unsplash-1.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/02\/john-schnobrich-yFbyvpEGHFQ-unsplash-1.jpg","width":640,"height":403,"caption":"Fidelity Brokerage Services allegedly failed to vet investors before they were involved in risky options and margin trading"},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/fidelity-brokerage-services-margin-trading\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Fidelity Accused of \u201cLackadaisical\u201d Vetting of Investors Wanting To Trade in Complex, Risky Investments"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards & Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards & Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards & Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/02\/john-schnobrich-yFbyvpEGHFQ-unsplash-1.jpg","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-5Cx","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/21609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=21609"}],"version-history":[{"count":1,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/21609\/revisions"}],"predecessor-version":[{"id":21611,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/21609\/revisions\/21611"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media\/21610"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=21609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=21609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=21609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}