MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, March 24, 2005 Top Fidelity Trader Calls it Quits Another Fidelity Investments trader has left the firm amid continued scrutiny of the firm's entertainment and gifting practices, reports the Boston Globe. David K. Donovan Jr., who is head of Fidelity's technology trading group, resigned on March 22. "I want to move on and do something different," Donovan told Andrew Caffrey of the Boston Globe. Donovan told Caffrey that he was not fired and also did his decision was unrelated to the green-for-greens probe issues at Fidelity. Fidelity's trading group is headed by Scott DeSano, who was reportedly fined $50,000 for failing to properly supervise traders. Fidelity has disciplined at least 16 traders and fired two in connection with the gifting probes. Printed from: MFWire.com/story.asp?s=9347 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |