Friday, December 12, 2008

Fidelity Ex-Workers End SEC Gift Case

8 Former Fidelity Investment employees will pay more than $1 million to settle a SEC charge that they improperly accepted gifts. As we have seen in this crisis, Wall Street if full of corruption. The employees were found guilty after the SEC declared that these 8 employees "violated securities laws by accepting the gifts".  SEC's deputy director of enforcement said that "by accepting the improper gifts, the brokers squandered investor trust."

No comments: