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Violation Tracker Individual Record

Company: Fidelity Investments
Current Parent Company: Fidelity Investments
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $8,000,000
Year: 2008
Date: March 5, 2008
Offense Group: competition-related offenses
Primary Offense: kickbacks and bribery
Violation Description: Fidelity Investments was fined $8 million in connection with allegations that 13 current or former employees, including high-ranking executives, improperly accepted more than $1.6 million in travel, entertainment, and other gifts paid for by outside brokers courting the massive trading business Fidelity generated on behalf of the mutual funds it managed.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Massachusetts
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.