Fidelity Trader's Mother To Take the Stand
February 5, 2007
Despite claims she is too ill to take the stand, Concetta Donovan, mother of former Fidelity Investments trader David Donovan, Jr., will testify about trades made in her account that mirrored those of the mutual fund company's.
Of particular interest to the Securities and Exchange Commission are shares of Covad Communications Group, a copper semi-conductor manufacturer, which the elder Donovan appeared to purchase in 2003, at the same time as the Boston-based brokerage house.
(c) 2007 Money Management Executive and SourceMedia, Inc. All Rights Reserved.