FYI: (This is a follow-up article.)
Fidelity Investments is facing more scrutiny over fees it charges some mutual funds for using its platform to access retirement plan customers.
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
Regards,
Ted
https://www.bloomberg.com/news/articles/2019-03-04/fidelity-faces-state-inquiry-over-fees-charged-for-401-k-plans?srnd=premium
