Financial Advisor Says Fidelity Fired Him for Reporting Securities Violations
Michael Maeker had been a registered financial advisor for 26 years when he was fired by Fidelity Investments. In a lawsuit filed in federal court Monday, Maeker alleges Fidelity fired him after he raised concerns that the company was violating securities laws by pressuring advisors to invest client funds in a way that was more beneficial to the company’s bottom line than it was to the clients’.