March 06, 2008 10:32
Statement from Peter Lynch
BOSTON--(BUSINESS WIRE)--The following is a statement from Peter Lynch: “Today I settled an administrative proceeding with the SEC. In asking the Fidelity equity trading desk for occasional help locating tickets, I never intended to do anything inappropriate, and I regret having made those requests. I want the public to know that I have never worked on the trading desk, and, since retiring from investment management at Fidelity over 17 years ago, I have not placed any trades on behalf of Fidelity with any brokerage firm. As many people know, over the past 17 years, I have spent most of my time on community service.”
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