Massachusetts, Finra fine Fidelity $1.65 million, alleging lax standards for options trading
Galvin cites Fidelity's “half-hearted and lackadaisical attitude” on approving clients to trade risky securities.
Massachusetts Secretary of the Commonwealth William F. Galvin Monday fined Fidelity Brokerage Services $750,000 over the company’s alleged past practice of "rubber-stamping" clients' applications to trade options, according to a statement from Galvin's office.
Galvin, long an unpopular figure i
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