Fidelity trader David K. Donovan and his younger sibling, Peter Donovan, an employee of
Regulators are now attempting to determine whether the brothers bilked Fidelitys shareholders by conspiring to negotiate overpriced transactions in technology stocks. David Donovan is a leading technology trader at Fidelity.
The probe is another warning shot for Boston-based financial service firms that are on notice for pending crackdowns on incestuous deals that potentially compromise investors interests.
The
