Related: Beginning With a Bang
"Fidelity to team with Credit Suisse on IPOs; Brokerage unit to expand access for its customers" Globe staff and wires July 22, 2014
NEW YORK — With initial public offerings continuing to stream out of Wall Street’s pipeline this year, Fidelity Investments is moving to ensure its retail customers can get a piece of the action.
On Monday, the Boston company said it was teaming with Credit Suisse to give its retail brokerage clients access to IPOs and follow-on stock sales underwritten by the investment bank. It is the latest partnership Fidelity has struck to increase direct access for retail customers to some of the most popular stock offerings....
--more--"
It's what we now recognize as a pump and dump $cheme that makes Wall Street rich. Makes for a good bu$ine$$ section if you are into that sort of in$ide baseball.
