Countless Fidelity Accounts Showing Zero Balance
by Tyler Durden Wed, 02/19/2020 - 11:01
While
stocks are hitting fresh all time highs, bringing joy and spreading the
"wealth effect" across America, clients of the Fidelity brokerage are
having a rather shi**y day because due to a glitch, or perhaps a hack,
countless accounts are currently showing a zero balance, or simply
removing accounts altogether.
While we assume this pesky "glitch" will be resolved promptly, we should point out that if the market were to ever again suffer a down day and should investors wish to sell some/all of their holdings, this would be a convenient way to quickly and efficiently prevent that from ever happening.