'We have a culture of compliance and integrity'.
Fidelity had a program which reimbursed workers for 20% of the purchase of computer equipment up to $10,000. An audit found that some employees returned the equipment without reporting it, keeping the reimbursement allowance, said the person, who declined to be named.
“We have a culture of compliance and integrity at Fidelity,” spokesman Vincent Loporchio wrote in an emailed statement. No customers were affected by the actions, he said.
Many of the employees who were dismissed worked in the firm’s brokerage unit. The company became aware of the problem last year, the person said.
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