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More Fidelity fraud...

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8 mo. ago
Decent-Airline1588
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Decent-Airline1588
u/Decent-Airline1588
Nov 10, 2020
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STAY AWAY FROM FIDELITY. THEY ARE HOLDING MY MONEY
Official Response
I've had a fidelity account for almost 8 years . I recently deposited a large check from a bank for around 65k. I waited till the checked cleared then tried to place a trade for 50k. I got a message saying my account was restricted I call fidelity and after being on hold for 45 minutes they tell me my account is being closed and when I ask why they say at this time we are not going to discuss the reasoning. Ok fine close my account whatever here comes the best part . I ask them to mail me a check for all of my accounts that they are closing and they proceed to tell me I need an updated ID and utility bill and a medallion guarantee signature on the bank check that I deposited. Which a medallion signature guarantee is not used to verify a check is good . This is after the check already cleared fidelity. Furthermore no bank will put a medallion guarantee signature on a bank check its used for stocks and bonds. So I submit my ID and utility bill and guess what they come back with. It is not accepted because it is to blurry. I've read forums of numerous people going through this . So resent it and same thing they rejected it . It's been over a month and no bank will even offer a medallion guarantee on a bank check and fidelity keeps saying its a non negotiation item it has to happen. What they are asking for does not exist for a bank check. How do I get my money out of my 3 accounts with them ? They won't talk to me and we are at a stand still.

https://www.reddit.com/r/fidelityinvestments/comments/15zmbah/stay_away_from_fidelity_they_are_holding_my_money/