Fidelity Investments
American multinational financial services corporation
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2025 | Fidelity Investments was fined $600,000 by the Financial Industry Regulatory Authority for inadequate supervision, related to an employee who stole $750,000 from 37 international clients between 2012 and 2020. |
April 2025 | Launched no-fee cryptocurrency trading in individual retirement accounts. |
July 2024 | Launched a spot Ethereum exchange-traded fund after receiving approval. |
January 2024 | Launched a spot Bitcoin exchange-traded fund (ETF) after receiving approval. |
April 2022 | Announced plans to start offering Bitcoin as an investment option in 401(k) plans, becoming the first major 401(k) provider to offer cryptocurrency for retirement savers. |
August 2021 | Announced plans to hire 16,000 employees in 2021, including 9,000 during the second half of the year. |
March 2021 | Filed for introducing a Bitcoin ETF with the SEC. |
February 4 2021 | Fidelity launched an ETF version of the Magellan fund, trading under the ticker FMAG, managed by Tim Gannon and Sammy Simnegar. |
2020 | The employee's eight-year period of stealing funds from international clients' accounts at Fidelity Investments concluded. |
March 2020 | Opened a new investor center in Chesnut Hill, MA. |
January 2020 | Sammy Simnegar becomes Portfolio Manager, taking over from Jeffrey S. Feingold. |
January 2020 | Launched 'Stocks By The Slice', a program for fractional-share ownership and micro-investing. |
October 2019 | Launched Fidelity Digital Asset Services to handle cryptocurrency custody and trade execution for institutional investors. |
June 2019 | Fidelity announced potential plans to demerge Eight Roads Ventures from its core business, signaling a potential strategic restructuring of the investment arm. |
May 2019 | Launched cryptocurrency trading to institutional customers. |
May 2019 | Reported plans to soon offer cryptocurrency trading to institutional customers. |
2018 | Eight Roads Ventures launched a new European investment fund, expanding its global investment platform across multiple regions. |
2018 | Fidelity Investments introduces a new line of zero-expense-ratio mutual funds, including ZERO Total Market Index Fund and ZERO International Index Fund. |
2018 | Launched a separate entity dedicated to institutional cryptoasset custody and cryptocurrency trading. |
October 2018 | Launched Fidelity Digital Asset Services, a separate entity dedicated to institutional cryptoasset custody and cryptocurrency trading. |
August 2018 | Introduced mutual funds with no mutual fund fees and expenses. |
2014 | Abigail Johnson became president and CEO of Fidelity Investments (FMR) and chairman of Fidelity International (FIL). |
2012 | An employee began an eight-year period of stealing funds from international clients' accounts at Fidelity Investments. |
2012 | Harry W. Lange concludes his management of the Magellan Fund. |
2012 | Moved Boston headquarters to 245 Summer Street. |
2011 | Changed the name of its international division from Fidelity International to Fidelity Worldwide Investment and introduced a new logo. |
September 2011 | Jeffrey S. Feingold becomes Portfolio Manager after Harry W. Lange. |
September 13 2011 | Jeffrey S. Feingold was named as the new manager of Fidelity Magellan Fund, transitioning from his previous role managing the Fidelity Trend Fund. |
2010 | Shut down Fidelity Ventures, its venture capital arm, with many employees creating Volition Capital. |
This contents of the box above is based on material from the Wikipedia articles Fidelity Investments & Fidelity Magellan Fund, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.