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Fidelity Employees Fired After Alleged Misuse Of Reimbursement Programs

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.


  • The user and all related content has been deleted.
  • 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.
  • fwiw, Fido's splash page explicitly touts how its fees are lower than Vang:
  • Never let a crisis go to waste...
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