Fidelity
Judge Halts Fidelity Suit Against Fleeing Broker Who Claimed Retaliation
California advisor who joined an RIA claimed Fidelity filed a client-contact lawsuit against her and her new firm in retaliation for her complaint about a manager and the work environment.
Fidelity Joins Price War With Zero Commissions on Online Trades
Fidelity Investments is crashing the free-trading party, challenging rivals in a gambit to lure assets by ending commissions.
JPMorgan Wins One Injunction as Fidelity Seeks Another in Florida
Broker in Aventura, Florida, who left JPMorgan for UBS agreed to a preliminary injunction on the same day that Fidelity sought an injunction against Morgan Stanley and a broker it hired in Palm Beach Gardens.
Michigan Firm Slammed Over Undisclosed 12b-1 Conflicts
SEC orders RIA affiliate of Parkland Securities and Sigma Financial to pay $2.5 million, the same day it fined Morgan Stanley $225,000 for unsuitable municipal bond sale recommendations.
Fidelity Says Number of 401(k) Millionaires Hits Record High
Fidelity Investments said the number of retirement savers with at least $1 million in their account hit a record, as did the employee savings rate, according to data from 401(k) plans that it administers.
TD Ameritrade, E*Trade Downgraded on Rate Concerns
Deutsche Bank’s Brian Bedell wrote that the online brokers will be hurt by competition from Fidelity’s new 1.9% cash sweep-account offer and other rate-related pressures.
Fidelity Stokes New-Account War, Offering 1.9% on Client Cash
Its core cash-sweep into a high-yielding government money-market fund pressures competitors only days after Fed cut rates.
Bitcoin Bounds Toward $6,000 as More Institutions Embrace Tokens
Bitcoin climbed to a fresh 2019 high, approaching the $6,000 level for the first time since November.
Fidelity Survey Finds Institutional Investors Are Eyeing Crypto
About half of institutional investors consider digital assets to be worthy of holding in portfolios, according to a survey commissioned by Fidelity Investments.
Fidelity Faces State Inquiry Over Fees Charged for 401(k) Plans
The Massachusetts Secretary of the Commonwealth said its securities division sent a letter on Feb. 27 to Boston-based Fidelity requesting information about those fees. The inquiry follows a Feb. 21 lawsuit against Fidelity by an investor in T-Mobile USA Inc.’s 401(k) plan that claims the firm conceals so-called infrastructure fees.
Fidelity Is Said to Plan March Launch of Bitcoin Custody Service
Fidelity Investments is targeting a March launch date for its Bitcoin custody service, according to three people with knowledge of the matter, as the mutual-fund giant moves forward with a plan that could help ease fears of trading cryptocurrencies.
