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Fidelity Sued Over Money Market Fund Fees
News October 30, 2024 at 01:36 PM
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What You Need To Know
- Fidelity has profited by not converting eligible clients to the lower-cost share class, the suit contends.
- The suit alleges clients are losing millions of dollars in fees.
- Fidelity could auto-convert to the lower-fee class those who meet the requirements, the complaints says.
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