Fidelity Ex-Execs Reach SEC Deal Over Misconduct

Law360, New York (October 13, 2008, 12:00 AM EDT) -- One current employee and seven former employees of Fidelity Investments have reportedly brokered preliminary deals to lay to rest a U.S. Securities and Exchange Commission probe into executives of the mutual fund firm who accepted extravagant gifts from outside brokers seeking influence.

The eight individuals have entered into in-principle settlements with the SEC's division of enforcement, Reuters reported Friday, citing documents from a Boston administrative court. The terms of the settlements are not public yet and are still subject to approval by the SEC, Reuters said....
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