Fidelity Trader's Mother to Take the Stand

Despite claims she is too ill to take the stand, Concetta Donovan, mother of former Fidelity Investments trader David Donovan, Jr., will testify about trades made in her account that mirrored those of the mutual fund company’s, according to Dow Jones.    Of particular interest to the Securities and Exchange Commission are shares of Covad Communications Group, a copper semi-conductor manufacturer, which the elder Donavan appeared to purchase in 2003, at the same time as the Boston-based brokerage house.   Concetta Donovan, 68, had said she was too ill to take the stand.   Her son left Fidelity in 2004. A spokesman for the trader could not be reached for comment. Last month a spokesman said that David Donovan “never took any actions that violated company policies and procedures. The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.