FIDELITY INVESTMENTS ripoff Sells Securities that go bankrupt denies any responsibility. BOSTON MASSACHUSETTS

Contrary to what Christy says Fidelity does not insure any product up to ten million from going broke !!!. The insurance is against theft of the security by Fidelity or the safe surrender of the security if Fidelity goes broke !!.

Furthermore, Fidelity specifically sold me the bankrupt securities out of their " FIXED INCOME INVETORY BY A FIXED INCOME REPRESENTITIVE.

Finally, The securities that went broke were from many different companies !!! Not all eggs were in one basket, so I find it hard to beleive that their analysts did not know what was going on !!!!.

So, it would be truthfull to state that Fidelity regularly fills it's inventory with
junk bonds and disguises them as investment grade
paper to churn a quick trading profit and Ripp-Off a client.

As a case in point I was sold a Conseco bond
that they had rated as BB+ on the trade confirm.

When I got the bankruptcy papers from the court the security was listed as a pass through mortgage security.

Thus, Fidelity misrepresented the security that it sold me as something other than it really was.

I thought I was buying a corporaste bond of the Conseco company and I was really buying a
mobile home mortgage security form the Green Tree Financial company whom Coseco bought out.

So, to raise cash,Conseco bought the lousy bonds from Green Tree, Fidelity bought them from Conseco, then they called them somthing else and sold them to me !!!

That is fraud if I ever saw it !!!.
So, we are not talking about asset alocation, we are talking about fraud by the means of misrepresentation !!!.

That is how Mr Edward C. Johnson gets rich via sales commissions!!.

for larger account holders Fidelity offers both a Premier service & a private Access team.. the size of your portfolio would have qualified for one of these free services.. where they do offer free advise..

if you have of purchased a fidelity mutual fund.. (or almost any mutual fund) be it in bonds, balanced stocks /bonds etc.. you could lose money in the investment.. but fidelity has insured each client for up to $10 Million from them going bankrupt or some fidelity executive VP deciding to steal your money and heading to south america

What I think happened to you is that you purchased some 3rd party product through fidelity.. and that company went bankrupt.. this also happened to me.. I purchased stock for $25 a share in Iridium last time I checked it was delisted and selling for 5cents a share.. should I sue Fidelity?

your basic complaint is that the fidelity sales person should have insured that the company wouldn't have gone bankrupt.. yes fidelity hires experts financial analysis .. they exist to help people that buy fidelity mutual funds.. not a 3rd party product.. really sorry you lost that amount of $$$ but this is why not all eggs are in one basket..

for larger account holders Fidelity offers both a Premier service & a private Access team.. the size of your portfolio would have qualified for one of these free services.. where they do offer free advise..

if you have of purchased a fidelity mutual fund.. (or almost any mutual fund) be it in bonds, balanced stocks /bonds etc.. you could lose money in the investment.. but fidelity has insured each client for up to $10 Million from them going bankrupt or some fidelity executive VP deciding to steal your money and heading to south america

What I think happened to you is that you purchased some 3rd party product through fidelity.. and that company went bankrupt.. this also happened to me.. I purchased stock for $25 a share in Iridium last time I checked it was delisted and selling for 5cents a share.. should I sue Fidelity?

your basic complaint is that the fidelity sales person should have insured that the company wouldn't have gone bankrupt.. yes fidelity hires experts financial analysis .. they exist to help people that buy fidelity mutual funds.. not a 3rd party product.. really sorry you lost that amount of $$$ but this is why not all eggs are in one basket..

for larger account holders Fidelity offers both a Premier service & a private Access team.. the size of your portfolio would have qualified for one of these free services.. where they do offer free advise..

if you have of purchased a fidelity mutual fund.. (or almost any mutual fund) be it in bonds, balanced stocks /bonds etc.. you could lose money in the investment.. but fidelity has insured each client for up to $10 Million from them going bankrupt or some fidelity executive VP deciding to steal your money and heading to south america

What I think happened to you is that you purchased some 3rd party product through fidelity.. and that company went bankrupt.. this also happened to me.. I purchased stock for $25 a share in Iridium last time I checked it was delisted and selling for 5cents a share.. should I sue Fidelity?

your basic complaint is that the fidelity sales person should have insured that the company wouldn't have gone bankrupt.. yes fidelity hires experts financial analysis .. they exist to help people that buy fidelity mutual funds.. not a 3rd party product.. really sorry you lost that amount of $$$ but this is why not all eggs are in one basket..

for larger account holders Fidelity offers both a Premier service & a private Access team.. the size of your portfolio would have qualified for one of these free services.. where they do offer free advise..

if you have of purchased a fidelity mutual fund.. (or almost any mutual fund) be it in bonds, balanced stocks /bonds etc.. you could lose money in the investment.. but fidelity has insured each client for up to $10 Million from them going bankrupt or some fidelity executive VP deciding to steal your money and heading to south america

What I think happened to you is that you purchased some 3rd party product through fidelity.. and that company went bankrupt.. this also happened to me.. I purchased stock for $25 a share in Iridium last time I checked it was delisted and selling for 5cents a share.. should I sue Fidelity?

your basic complaint is that the fidelity sales person should have insured that the company wouldn't have gone bankrupt.. yes fidelity hires experts financial analysis .. they exist to help people that buy fidelity mutual funds.. not a 3rd party product.. really sorry you lost that amount of $$$ but this is why not all eggs are in one basket..