Fidelity Investments said Friday that it had received a Wells notice from the Securities and Exchange Commission regarding allegations that the Boston fund company accepted improper gifts from brokerage companies.
A spokeswoman for Fidelity confirmed it had received the notice of intent to file a lawsuit late Thursday from the Boston district office of the SEC but would not comment further on its contents. Friday's Boston Globe reported that Fidelity and an unspecified number of traders and other employees may face charges of accepting improper gifts.
"A Wells notice is not a formal allegation," said Anne Crowley, the Fidelity spokeswoman. "It doesn't contain …
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