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Fidelity Faces More Complaints About Float Income
Reuters Link to more items from this source
Mar. 8, 2013

"Three Massachusetts residents [have] accused Boston-based Fidelity ... of using income generated from retirement fund assets to offset Fidelity's own operating expenses. Their lawsuit, filed in U.S. District Court in Massachusetts, seeks class-action status for participants in 401(k) plans sponsored by EMC Corp, Bank of America Corp and Safety Insurance Company. Fidelity denied any wrongdoing."

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