Nine former and current traders with Fidelity Investments have reached preliminary settlements with the Securities and Exchange Commission for allegedly receiving more than $1.6 million worth of lavish gifts from brokerages seeking business from Fidelity between 2002 and 2004.

 

One Fidelity trader has yet to reach an agreement with the SEC. Three traders have already settled with the Commission, including Peter Lynch, who was accused of receiving $16,000 of free tickets.

 

Some of the people named in the suit include David K. Donovan, Scott E. DeSano, Timothy J. Burnieika, Edward S. Driscoll, Christopher J. Horan, Steven P. Pascucci, Kirk C. Smith, Robert L. Burns and Jeffrey D. Harris.

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