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DOL Probes Fidelity Over Mutual Fund Fees
The Wall Street Journal; subscription may be required
Feb. 28, 2019
"The Labor Department is investigating Fidelity Investments over an obscure and confidential fee it imposes on some mutual funds ... The fee, which appears to have been implemented in 2016, is 'designed to ensure that each Fund Firm meets a minimum required payment to Fidelity.' By marking the charge as an infrastructure fee, the fund firms may be able to avoid disclosing it to investors."
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