
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. For more info visit https://www.sec.gov/news/press/2008/2008-32.htm