peter lynch
Fidelity's Lynch accepted freebies
By Admin - Posted on March 6th, 2008
The ex-fund wizard took nearly $16,000 worth of tickets from brokers seeking business, regulators say. The contrite executive agrees to pay for the value of the gifts, plus interest. In a case that could sully the reputation of legendary Fidelity Investments fund manager Peter Lynch, regulators said Wednesday that he had improperly accepted almost $16,000 worth of free sports, concert and theater tickets from brokers seeking the mutual fund giant's business.
