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Fidelity Investments
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1.6 28 Reviews 127 Complaints
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Fidelity Investments Complaints 127

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11:51 pm EDT

Fidelity Investments My account manager Erin Mullen

Erin Mullen froze my Fidelity investments because she said I needed a poa. I am able body and mind. I never signed or wanted this. Unfreeze my funds This isn't legal. [protected]. Fire her for this gross error. I need to get my money! I was ex with breast cancer and SHE suggested POA should anything happen. Not, I can't transfer any fund's. I need to pay for my cancer treatment and can't get access to my God damn money! Legal action will be taken if she doesn't comply!

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CHARLENE
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Mar 14, 2021 8:07 pm EDT

Well, this has been done to us as well. And our account was frozen for 2 years until I did sign the POA over my husband. They said I would have FULL access to everything and they lied. We have been unable to see the account online or know how the stocks are doing in the account or even get a statement until just recently;y. And they have sent the same statement now 5 times. Somebody is hiding something but they have no idea who they have on their back. I will get to the bottom of this. So until then, the money will sit there. I will go to the DOL and the IRS. The IRS has something that will fix plan errors when it pertains to employee plans too as well as looking over the plan balances. So I am not taking the rollover just yet! Or a Lump Sum Check! Been frozen since 2017 and it can stay that way until it is reviewed in full. I feel that if I take it and roll it over into an IRA or take the full amount, I might be saying I no issues with the accounting of the funds. It was just released by the Union Plan Admin as the QDRO to an ex-wife was never approved. And if they are only the Recordkeepers of the account, how is it I have to go through them for the dispersment first?

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9:50 am EDT
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Fidelity Investments complaint against ceo abigail johnson

The company is refusing to shut down targeting operations that has ruined my career, social life and health over the last 20 years. This is what I shared in LinkedIn and Facebook today:

Fidelity Investments & CEO Abigail Johnson are holding me hostage!
Crime - Continuing targeting operations that has ruined my career & social life for 20 years
Impact to me -placing implants in my throat & applying nerve agents on my forehead (without my knowledge), and targeting me every day with "taser" like remote attacks using "cell tower technologies"
It has been 5 years since Fidelity Investments took responsibility for the crimes committed but are not willing to follow through and shut down targeting operations.

FBI & Boston Police - Please help!

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Update by Mark Smith 2019
May 20, 2019 6:15 am EDT

Fidelity Investments uses Magnetron devices and cell towers to target me with wireless waves exposing me to serious short & long-term consequences.
Since 2014, the company has been using a technology that involves microwave generating devices (magnetrons) along with GPS and cell towers to target me with precision. The company has used two Columbus, OH based businesses ("Nurtur Salon" & dentist Dr. Christopher Will) to place implants on my upper body and inside my mouth. These implants have made it easy to identify me using GPS technology. Fidelity Investments uses both cell-towers and portable devices to trigger magnetron devices. This microwave targeting, apart from the long-term possibility of cancer, causes a lot of pain, disorientation, nausea, "shortness of breath", & disturbed sleep. All due to pressures placed on nerves on my head, my forehead or my upper body. Fidelity Investments accepts responsibility for using this technology but is unwilling to shut it down. I am asking the FBI to consider this a serious criminal violation. I found an e-book written by Richard Lighthouse that explains this technology in plain English.
https://lnkd.in/ec5cF9F

Update by Mark Smith 2019
May 16, 2019 6:42 am EDT

Fidelity Investments bribed my dentist in Columbus, OH and made him implant a phone receiver & mic in my throat without my knowledge. It works very well and I communicate with the company using this phone. But, this implant along with other electronic chips placed in my throat, has become a real health risk. The company blames my former manager Jonathan Schapiro (currently with Factset.com) for the crime committed. Mr Schapiro and gangs are using these implants to also monitor and harass me. Mr. Schapiro has targeted me for 20 years and has ruined my career & social life. I am looking for help from FBI. Unfortunately, the CEO Abigail Johnson supports Mr. Schapiro and would not let me hire a lawyer or go to court. I am providing the link to one of the models used in the industry.
https://lnkd.in/ePt-Wyc

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7:51 pm EDT
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Fidelity Investments complaint against a former employer

Fidelity Investments used several businesses in Columbus, OH area (between 2007 and 2015) to target me. The company I worked (JPMorgan Chase) for 2 years was told not to honor its commitment to pay me the right bonuses. Fidelity Investments paid serious bribes to people in the following businesses (Nurtur Salon, Dr. Christopher Will(Dentist), Bob Evans Farms, & OSU Medical Hospital) in order to target me with implants, chemicals, toxins, nerve agents and for even holding me hostage for 40 days.
Dr. Will has placed several implants in my throat without my consent. Nurtur Salon has placed several implants & chemicals on my head, forehead and body (again without my consent). Fidelity Investments bribed doctors at OSU Medical center to falsify diagnosis and recommend me to spend 40 days in isolation.
Fidelity Investments is blaming my former manager Jonathan Schapiro (currently with BI-SAM in Boston, MA) for all the crimes committed. Mr. Schapiro is currently using a newly developed technology at Fidelity Investments, to target me remotely, all the implants in my throat and on my body. This causes severe pain and at times chokes me because of implants in my throat.
I have filed complaints with Ohio Atty General's and Franklin County Prosecutor's Office.

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2:39 pm EDT
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Fidelity Investments complaint against a former employer

New technology developed at Fidelity Investments has made remote targeting very potent. The company has targeted me since 1999 . The company has used electronic implants and nerve agents(since 2010) on an individual's body to make cell phone targeting possible. The app driven technology uses hacking of cell towers to generate wireless/microwaves and target specific individuals (using IDs on the implants). The targeting puts pressure on my upper body nerves leading to severe pain and discomfort.
The company is blaming my former manager Jonathan Schapiro (currently with BI-SAM in Boston, MA) for all the crimes committed. Mr. Schapiro is involved in crimes that include forgery, misappropriation of funds, providing implants/chemicals to dentist/salon, bribing of managers to ruin my career, holding me hostage in a secluded place for 40 days, & currently running targeting operations using gangs in Boston area.
In 2013, Mr. Schapiro made my dentist (Dr. Christopher Will in Columbus, OH) to place a mobile receiver/mic inside my mouth(without my consent). I did not know about it until the company told me in 2014. All my conversations with the company and Mr. Schapiro happens in this discreet network. Please see if charges can be filed.

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6:15 pm EST
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Fidelity Investments targeting and abuse of ex-employee

I am working with one of my former employers, Fidelity Investments, based in Boston, MA, on a settlement related to 20 years (since 1999) of targeting that has led to significant damage to my career and personal life. After nearly 16 years, in Dec 2014, the company took responsibility for everything done to me and promised a settlement. But they have not following through on their promises. The company communicates through an implanted phone (small receiver & mic), placed in my throat in 2013 without my knowledge, by my then dentist (in Columbus, OH). The phone is always connected to the company network.in addition, the company has placed implants and chemical agents all over my body. The toxic chemicals in my forehead acts as nerve agents and targets the nerves in my upper body causing severe pain. Apart from my former manager, Jonathan Schapiro (currently with BI-SAM), the CEO of the company, Abigail Johnson, is personally involved in my targeting. It also looks like the CEO is using gangs to target my son in Chapel Hill, NC (where he is going to school). I am worried my son will get seriously hurt. To be cautious, I have filed a complaint with North Carolina Attorney General in addition to Massachusetts. Please share this post with your network.

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Update by Mark Smith 2019
Feb 21, 2019 10:00 pm EST

I am working with one of my former employers, Fidelity Investments, based in Boston, MA, on a settlement related to 20 years (since 1999) of targeting that has led to significant damage to my career and personal life. After nearly 16 years, in Dec 2014, the company took responsibility for everything done to me and promised a settlement. But they have not followed through on their promises. The company communicates through an implanted phone (small receiver & mic), placed in my throat in 2013 without my knowledge, by my then dentist (in Columbus, OH). The phone is always connected to the company network. In addition, the company has placed implants and chemical agents all over my body all without my knowledge (by "Nurtur the Salon" in Columbus, OH). The company has even held me hostage in a secluded place for 42 days to create fear in me. The company has involved many high-profile people to help them navigate through legal hurdles. Everything from behind-the-scenes hold-up of “due-process” to blatant threats to both me and my 22-year old son, are being tried. It is scary. The company should let me go to court. I have submitted a formal complaint to FBI. I have also filed complaints with authorities in Massachusetts, North Carolina, and Ohio.

Update by Mark Smith 2019
Feb 20, 2019 9:34 am EST

I am looking to get the attention of Law Enforcement and State Authorities but I have not been successful yet.

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1:23 pm EDT

Fidelity Investments fidelity compliance

Attempts to contact Fidelity corporate to report a compliance issued failed. Does not seem to be any way to reach corporate HQ or the office of the chief compliance officer. Numerous attempts made to contact the firm but the customer service level people are unaware of how to handle a compliance issue. They supposed forwarded details to their back office which appear to be completely ignored since no one ever responded properly.

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Jim Gniecko
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Sep 07, 2018 1:11 am EDT

I am told that there is no compliance or escalation procedures at Fidelity. I have been trying to resolve an issue for over 4 months and now I am being asked to do a prohibited action.

The following items are prohibited from importing into United States Of America

Cash (legal tender - bank notes, currency notes, coins) and travellers cheques

Cashlike negotiable instruments

I am at the point that I can no longer trust the information I get from Fidelity nor do I have any confidence that they can manage my accounts properly.

The level of service is so bad that once I get his issue resolved I will move all my Fidelity accounts and find another organization.

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10:57 pm EDT

Fidelity Investments handling of a deceased account

Fidelity has used a variety of methods to steal the last bit of money in my Dad's 401K account including delay tactics, placing a barrier between customers and decision makers and telling outright lies. I have asked Fidelity several times to help me figure this out but I have been rebuffed each time. As the executor for my Dad's estate I feel that I have let him and my sister down. I intend to register a complaint with the Board of Governors of the Federal Reserve System. I would urge others similarly affected to do the same.

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10:42 am EDT

Fidelity Investments 401 k

Good Afternoon,

I am writing a complaint about Fidelity. I called and spoke with 3 different representatives at 3 different times and days I just wanted to make sure they were providing me the same information before I decided to pay off my loan in full, by the way my decision to pay off the loan was solely based off the information I was provided was accurate.

My question to them was that I was going to pay off my outstanding loan balance, but I first wanted to know if I paid off the loan how much would I be eligible to re- borrow. The only reason I would have paid a loan for over 12000.00 dollars back was that I could re-borrow a larger amount to get my finances under control. I wanted to make sure I was making the best decision; each time I called all 3 representatives provided me with the same information. Once again each representative told me I would be eligible to re-borrow around 30, 000 dollars mind you they put me on hold and did these calculation, so I made the decision to go ahead and pay off the loan in full.

I waited for the check to post on your website. I was made aware that it will be 14 day holds before you can re- borrow which was no problem. I go to the website today and go to loans and it shows on August 1st 2018 I will be able to take out a loan for 13., 800.00 on line, I was livid I can't begin to describe the anger that I have. There is no way that I would have paid over 12, 000 dollars If I wasn't reassured that this was the amount. I borrowed this money and the person who loaned me the money was trying to help me get my situation under control to find out that by the time I repay this loan back I may have 1000.00 dollars.

I called today and spoke with very nice gentleman by the name of Daniel and he explained to me how he came up with the calculations and why the amount was so low. You have no idea how I can possibly be feeling and not even sure if you care, but this is just completely wrong and unfair. I am leaving work I am in destress regarding this entire ordeal. How could this happen I'm a person having a hard time I was depending on this money.

I will be sending a letter to SEC making a complaint.

Shannon Bowman
1833 Plum Hollow Lane Ne
Grand Rapids Mi, 49505
[protected]
Sherwin Williams Stock Purchase (35773)

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12:50 pm EDT
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Fidelity Investments day trading app

I decided 2 day trade w Fidelity's Invest app. I took screenshts of my run'n balances, gains/losses for days I bought & sold stock. I now hve proof I need 2 prove Fidelity robs u of extra $50 when'er u make a trade, as my balances show missing amts from what the days gains & loss says for close of that day. I intend 2 take my evidence 2 an attny.🤬

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10:50 am EDT

Fidelity Investments credit card department

I have attempted to pay, yes pay, my fidelity credit card bill in full six times. The ineptitude of not only base staff, but also supervisory staff has created a problem in which each time I have tried to pay, there has been a problem, and payment has not gone through, despite the fidelity employee setting up the payment. I was told that someone from the executive level was going to contact me, however, that has not occurred, and I have doubts that it will occur. I was told by fidelity I would be contacted... Still waiting.

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12:30 pm EDT

Fidelity Investments cash management account

I sold my car received a check as payment to check cleared in my account it's been a month I tried doing a couple Bill pays and they locked my account excited in my business agreement with him and then decided to demand my identification and proof of residency and a certified signature guarantee from the person that wrote me to check for my car person who wrote the checks not being very cooperative and stating that my bill of sale should be enough and Fidelity refuses to give me my $3, 000 hasn't been returned it's been positive in my account for over a month and they're basically committing piracy to some of the most rudest people I've ever spoke to my life they like to hang up on people and put them in the queue for over an hour and a half on hold

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9:04 am EDT

Fidelity Investments withdrawal

I initiated a withdrawal on Friday 6/8/2018. I am taking a vacation and needed funds. During the process there was NO choice as to where to take funds from, therefore Fidelity chose to sell stock (for added fee of course). Next was the fact that Fidelity had an address listed for me that I have never lived at. I could see that the address listed was mine 1025 Minnie Dr, Raleigh NC 27603. I was told it would take 10 days to correct the address that was never mine. Next I requested express delivery ($25 fee), which was a moot point due to address issue. I then realized my bank account info was not on there, which I had entered 5 years ago. I had to re enter banking info, but told that would take 10 days to process, which is a Real shock in this age of electronics. So, as it stands now, the check is supposed to be sent tomorrow and I get it Monday after I am on vacation. I asked to please delay the processing and direct deposit it on the 19th which is the day I was told banking info would be verifies. I was told that was not an option. Bottom line is I don't get my money for my vacation as I wanted. Very poor customer service. I am not putting my social in this email, but I am sure you can look this up by my address.
Michael Casey

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3:45 pm EDT

Fidelity Investments customer service, portfolio management

Fidelity tired of my complaining about errors and invisibility of portfolio managers as well as invisibility of account rep. The only time I recd a call was when I initiated it! An instance - staff made an error in my retirement disbursement which affected my tax bracket and increased taxes. They reluctantly reimbursed me $1000. To cover increased taxes - I discovered this mistake purely by accident; what if I had not! My recent criticism was too much, fidelity froze three accounts and advised that I take my business elsewhere. They fired me!

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2:36 am EDT

Fidelity Investments cash management accounts

Randomly, my husband and I try to log in to our online portals and suddenly the accounts are locked. We call, they claim they needs a copy of our drivers license and utility bill. I explain that our rent includes all Bill's paid and they tell me that doesnt qualify to unlock the account. My Drivers license hasn't expired as it is good for 50 years. Now, here we are with over 50k unaccessable money that I can't use. No phone calls, no answers to why. I faxed in our info and it may take up to 3 weeks to verify!

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8:56 am EDT

Fidelity Investments 401k loan repayment misapplied payments by fidelity

I have multiple loans against my 401K (long story). Fidelity investments misapplied payments that were mailed from my bank to the wrong loan causing the loan that the payments that should have gone into to go into a default condition and creating a taxable distribution for my 2017 taxes (to the tune of $6K+). When I showed them that I had provided them the checks, that they cashed them and applied them to the wrong loan, they refused to admit / correct their mistake. Now, I'm stuck with a huge tax bill because of an administrative error with Fidelity Investments. When I call them, they just tell me that they can't do anything because "Fidelity Compliance" won't let them. Talk about the run around ... everyone should be wary of the business practices of Fidelity!

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12:10 pm EDT
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Fidelity Investments breach of privacy

I have recently had to close my deceased mothers IRA. During this process your company mailed highly sensitive material to someone other than myself. My name and social security number to be exact. This is a breach of privacy, confidentiality and security. At this time I have not obtained a lawyer nor filed public record with the courts. I am giving you the opportunity to settle this matter first hand before public fallout and detriment to your company. Gregory Reitz

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6:59 am EDT

Fidelity Investments account

Hello my name is Shaniki Smith, I'am file a complaint. I believe you some kind of computer error glitch. Also I notice when clients close there accounts with your banks, it seem to take long periods of time to closes. Almost 30 days. Please suppervise your employees. I know the owner should watch close to who he hires to his company. It's said when your employees that you hire will be reason why you closed down. Please straight up my account. There was a -10 dollars on my account and it suppose to be 22.00 in there to have account. I have not had no problems with your bank. I believe someone trying to move away from your bank because someone has been calling my bank trying to get information. And the only reason they can't check anything with your bank because they have my voice to activate it. Thank you! Shaniki Smith, [protected]

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10:39 pm EST
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Fidelity Investments unethical dishonest business practices / poor service / miserable to deal with

Fidelity - horrible service, fraud, incompetence, and unethical business practices

Fidelity used to be great for over 30 years with them, now I hate them so much that I am transferring all my accounts to a reputable outfit that cares about customers - Charles Schwab.

Fidelity is so nasty dealing with their many, many problems, are dishonest and even lie regarding the extreme Web page unreliability. heir web page functions are always breaking down, and turmoil from bad changes on weekly basis. Really poor quality operation.

When you complain, hours and hours on phone with clerks who have no authority, are very unhelpful, and even lie and tell you no one else is having problems. t is sickening to do business with Fidelity. They make me sick, and I am taking my business elsewhere.

Everyone I talk to and read about on blogs seems to have same problems with Fidelity and also hate dealing with them, and find them very unhelpful.

Its so shocking that they just don't care about customers anymore, and have become so dishonest and unethical

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Update by Fidelity Customer - No More
Mar 10, 2018 9:54 pm EST

Fidelity investments - dishonest, retaliation against customers

Fidelity used to be the best and have been with them for over 35 years. Now I hate them and their lousy service so much, they make me sick. For some reason recently since 2016 they have become so dishonest, lie to customers, and very unhelpful when you have legitimate problem with them. Unfortunately, what was smooth sailing and great service for over last ten years has become unbearable problem after problem, bad service, unhelpful, and just clerks without authority to fix, or make decisions. When you want to get connected to higher manager to fix, they refuse and lie to you that no one else is having problems. When you ask friends, and see boards, you finds out you are not alone and so many have the same horror stories.

It is so bad, I hate them and they now make me sick. They also cancelled my account out of retaliation for complaining, from "risk management department" like goon squad third world dictatorship like I read about over 20 other posts today complaining about accounts being cancelled.

Its so shocking and next step is filing complaint with state attorney general consumer affair department asking for investigation fidelity retaliation practices from fidelity risk management good squad.

I never saw anything like this from any company before!
Fidelity doesn't care about customers anymore, and seem to be alienating their best customers. It is so disgusting!

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8:46 am EST

Fidelity Investments customer service

he reason I am reaching out to you is because I have been dealing with a simple issue with a great impact that has continued to go on for over 2 weeks already.

I have spoken with the customer service and debit card services 7 times since Feb 18th. Once on 2/18/18, 3 times on 3/3/18, 1 time on 3/6/18 and now here I am calling again on 3/7/18 and the issue is not fixed. 3/7/18 outcome they advised me they will have the back office next day air me my debit card, now I am calling on 3/9/18 and the representative is now telling me they can mail out my card until 10 days of the address change, so what is the point of next day airing my debit card and why didn't they tell me that on the 7th?

All I have requested was to update my address and have a visa debit card sent to my new address as I had some fraudulent activity on my account and every time I call the debit card service team tell me they have my old address and if I have changed it will take 48 hours.

I have been getting the same answer for two weeks already and I have spoken to 1 supervisor who assured me the issue would be fixed by today, I don't know how a simple change of address can be so hard. I have been without a debit card for tow week already an I really feel this is unacceptable.

Please excuse me if I sound rude but I am just really upset as I get paid tomorrow and I won't have access to my funds.

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7:51 pm EST

Fidelity Investments active trader pro

On or about February 6, 2018 I attempted to place a market order for a security in my IRA through Active Trader Pro. The site did not acknowledge that i placed the order. I then went to the website which was down and the mobile app which was also down. I could not find acknowledgment of my trade order. I then restarted active trader pro and found that not only had my market order been placed but two other market orders for the same amount had been placed as well. The most astonishing thing was that I did not have enough money in the account to even purchase the two other market orders. Fidelity's Active Trader Pro provided my account momentarily more than a quarter million dollars and placed the trades with out my knowledge or consent. I sold immediately to cover, and of course, then the fake money that had allowed the unauthorized and un-directed purchases to take place disappeared, leaving me with only a huge loss of more than $20, 000.00. When I raised the issue with the company, it accused me of dishonesty and stated that the acknowledged computer issues it had that morning did not cause the issue. I wish the company to reverse the transactions.

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Jake Sneed
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Apr 03, 2018 10:24 am EDT

Good luck with that. The company is unethical. I had a similar trade that I had a huge trade and 100% profit on option contracts. I attempted to set up a market order and cancelled the order but the system listed the order as pending which meant I could not place a trade to lock in profit. 55 minutes late, Fidelity figured out the problem in their system and I was lucky to walk away with a small loss. Trying to resolve the issue with them is a total waste of time. They are fraudsters.

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About Fidelity Investments

Screenshot Fidelity Investments
Fidelity Investments is one of the largest and most well-respected financial services companies in the world. With a long and storied history spanning more than 70 years, Fidelity has earned a reputation for excellence in a wide variety of investment-related fields.

One of Fidelity's most popular offerings is its retirement savings platform, known as netbenefits.com. This platform allows individual investors to create and manage their own retirement savings accounts, with access to a wide range of investment options, tools, and resources to help them make informed decisions about their finances.

Netbenefits.com offers a broad selection of investment options, including stocks, bonds, mutual funds, and exchange-traded funds (ETFs). Investors can choose from a range of asset classes, including large-cap, mid-cap, and small-cap stocks, international stocks and bonds, and many others.

The platform also includes a variety of investment tools and resources, such as retirement planning calculators, market news and insights, and educational articles and tutorials. These resources can help users make better-informed decisions about their financial goals and investment strategies.

Overall, Fidelity Investments and its netbenefits.com offering are widely regarded as among the best in the business when it comes to retirement planning and investment management. With decades of experience and a deep commitment to exceptional customer service, Fidelity is the right choice for anyone looking to build a strong and secure financial future.

Overview of Fidelity Investments complaint handling

Fidelity Investments reviews first appeared on Complaints Board on Nov 23, 2007. The latest review Fidelity accounts was posted on Jun 27, 2023. The latest complaint illegal holdings? was resolved on Jul 17, 2014. Fidelity Investments has an average consumer rating of 1 stars from 155 reviews. Fidelity Investments has resolved 14 complaints.
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