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May 30, 2020

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Fidelity Breaks For 2nd Time In A Week: Countless Accounts Showing Zero Balance.

February 24, 2020

"One week ago, when stocks were hitting all time highs as traders were blissfully ignoring all the same news that are sending markets crashing today, we reported that online brokerage Fidelity was true to its name and, well, broke, showing zero balances on countless accounts. At the time we said that "while we assume this pesky "glitch" will be resolved promptly, we should point out that if the market were to ever again suffer a down day and should investors wish to sell some/all of their holdings, this would be a convenient way to quickly and efficiently prevent that from ever happening."

 

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