{"id":4578,"date":"2008-03-06T15:38:40","date_gmt":"2008-03-06T15:38:40","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/03\/fidelity_will_pay_8_million_fi"},"modified":"2008-03-06T15:38:40","modified_gmt":"2008-03-06T15:38:40","slug":"fidelity-will-pay-8-million-fi","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/fidelity-will-pay-8-million-fi\/","title":{"rendered":"Fidelity To Pay $8 Million Fine To Settle SEC Charges Regarding Traders\u2019 Improper Gift Taking"},"content":{"rendered":"

\t\t\t\tFidelity Investments has agreed to pay an $8 million fine to settle Securities and Exchange Commission charges that the company failed to properly supervise its stock traders that had improperly received gifts. 13 current and ex-Fidelity employees are targeted in the SEC investigation.<\/p>\n

The gifts were given to traders by outside brokers who were soliciting Fidelity’s business. Fidelity has had a policy that prohibits employees from engaging in business transactions influenced by gifts received. Employees are also not allowed to receive gifts valued at more $100 over a one-year period.<\/p>\n

The SEC alleges that accepting the gifts affected the Fidelity traders’ ability to obtain the best stock trades for Fidelity’s mutual fund customers. <\/p>\n

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

Fidelity Investments has agreed to pay an $8 million fine to settle Securities and Exchange Commission charges that the company failed to properly supervise its stock traders that had improperly received gifts. 13 current and ex-Fidelity employees are targeted in the SEC investigation. The gifts were given to traders by outside brokers who were soliciting […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3819],"tags":[],"class_list":["post-4578","post","type-post","status-publish","format-standard","hentry","category-fidelity"],"yoast_head":"\nFidelity To Pay $8 Million Fine To Settle SEC Charges Regarding Traders\u2019 Improper Gift Taking — Investor Lawyers Blog — March 6, 2008<\/title>\n<meta name=\"description\" content=\"Fidelity Investments has agreed to pay an $8 million fine to settle Securities and Exchange Commission charges that the company failed to properly — March 6, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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