INVESTMENT FIRM ON CHARGES OF FRAUD
DISTURBANCE ON WALL STREET FEARED (Received December 15, 11.5 p.m.) WASHINGTON, December 15. Charges of fraud against the Fidelity Investment Association, one of the largest investment firms in America—it has 57 offices throughout the country and sales of 600,000,000 dollars in securities—will, it is feared, precipitate the most serious disturbance in the financial community since the failure of Richard Whitney. An action was Drought against the firm today alleging violation of thd state and Federal laws. The company’s officers include a former United States senator, a state governor, a former United States Treasurer and an Assistant United States Attorney-General.
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Southland Times, Issue 23693, 16 December 1938, Page 5
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105INVESTMENT FIRM ON CHARGES OF FRAUD Southland Times, Issue 23693, 16 December 1938, Page 5
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