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You know it's coming...

The Securities and Exchange Commission's order settles a long-running case against the nation's largest mutual fund manager, which was found to have accepted more than $1.6 million in perks from 2002 to 2004.

Perks? But what kind of perks?

The gifts included tickets to the Super Bowl...

closer...

...and Rolling Stones concerts,

I can feel it...

private jet trips to exotic destinations,

almost there...

and fine wine and cigars, the SEC said.

just a little bit more

The agency said some Fidelity traders accepted...

Bingo!

illegal drugs and trips to strip clubs paid for by brokers, and one trader's illegal gambling was facilitated by a broker.

Remember, past performance is not a guarantee of future results. The SEC even nailed Peter Lynch.

Posted by edelfenbein at March 6, 2008 7:56 AM