Fidelity Gets A Subpoena On Failed Private Placements Hot

ScottMartinScottMartin  
 
 
0.0 (0)
Write Review

 

Fidelity just got served with papers related to the failure of Provident Royalties, one of the most notorious of the private issuers.

 

The suit doesn't seem to aim to recover any money from Fidelity proper, which didn't sell Provident instruments so much as hold them for its own clearing clients

 

All the trustee of the now-failed Provident wants is to see exactly who bought and sold these securities.

 

But simply knowing that the authorities here are willing to dig all the way down to the clearing side of these once-obscure securities at all is a little breathtaking.

 

 

 

This Website Is For Financial Professionals Only


User reviews

There are no user reviews for this listing.
Already have an account? or Create an account