The Securities and Exchange Commission on Thursday fined eight former Fidelity traders $1.04 million for accepting lavish gifts from brokers, not least of which included trips on private jets and courtside sports tickets.

The SEC’s case is against Scott E. DeSano, who ran Fidelity’s trading desk, along with former traders Timothy J. Burnieika, David K. Donovan, Jeffrey D. Harris, Christopher J. Horan, Steven P. Pascucci and Kirk C. Smith, for violating federal securities laws. Further, DeSano was found guilty of not seeking best execution for clients, not disclosing conflicts of interest and faulty supervision.

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