Complaint / Review
Fidelity Investments
Ripoff moving your money to fidelity may not be a smart move!

I have a brokerage account at Fidelity Investments and they advertise that it is a "Smart Move" to move your money to Fidelity", however, they sold me various securities out of their fixed income inventory that went into bankruptcy. For instance, I bought a $15,000.00 Conseco Financing Trust II bond from them and a year later it went into bankruptcy and after the court proceedings I received around $13.00. That's quite a loss! $ 14,986.00.

So it does not appear to be a smart move! I complained to them and their reply was "do you need help
from one of our licensed Financial Planners?". I guess they have a license in acting stupid!!

So, I guess one needs to read between the lines and when Fidelity says "Smart Move" they really mean "Bad Move"
"Junk Bond Dealer R Us".