SEC regulators are considering a fraud charge against Fidelity Investments that would assume that the firm's defrauding, in reference to the company's stock trader gift scandal, was unintentional, according to a Boston Globe report.

An official, who reportedly has firsthand knowledge of the investigation, said the SEC is focusing on a potential violation of federal law that says that it is unlawful for an investment advisor to "engage in any transaction, practice, or course of business which operates as fraud or deceit upon any client or prospective client."

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