The Boston Globe, October 17th, 2003
Fidelity Investments and two other investment companies were served subpoenas yesterday as the snowballing investigation of abusive trading practices has now ensnared some of the most prestigious names in the mutual fund industry. A spokesman for Secretary of State William F. Galvin confirmed that his securities division subpoenaed employees of Fidelity, Franklin Templeton Investments, and Morgan Stanley. An investigator involved in the probe said the state is asking whether sales people at the three firms helped brokers at the Boston office of Prudential Securities evade the mutual fund compa...
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