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Fidelity Employees Fired After Alleged Misuse Of Reimbursement Programs

TedTed
in Fund Discussions
FYI: More than 200 Fidelity Investments employees were fired or allowed to resign over alleged misuse of workplace-benefits programs, according to people familiar with the matter.
Regards,
Ted
http://www.cetusnews.com/business/Fidelity-Employees-Fired-After-Alleged-Misuse-of-Reimbursement-Programs-.ry7fWjd56M.html

Comments

  • [Deleted User]
    The user and all related content has been deleted.
  • STB65
    While I am with Fido because it seemed the best option of my 403b, I expect to to move most of the funds to Vanguard when I retire. (Interestingly, the university forcibly moved a significant portion of my money from Fido to Vanguard 2 years ago. While the transfers put me more into cash than I planned, that didn't turn out badly.)
    I think the described actions are mainly cost-driven, as Fido downsizes in the face of reduced profits.
  • davidrmorandavidrmoran
    fwiw, Fido's splash page explicitly touts how its fees are lower than Vang:

    https://www.fidelity.com/mutual-funds/investing-ideas/index-funds
  • VintageFreakVintageFreak
    Never let a crisis go to waste...
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