Fidelity’s cash management options now let customers earn up to 4.97% through its SPAXX money market fund, compared to around 2.72% from its FDIC-insured sweep program. The higher yield comes with the ...

Fidelity / Crime / Financial Institution Bonds, in a general sense, cover an insured from the willful theft of property, money, and securities by one of their employees or an outside third-party ...

As you may be aware, Employee Retirement Income Security Act (ERISA) fidelity bonds and fiduciary liability insurance are not the same. Both serve to mitigate risk for fiduciaries, and are critical ...

Fidelity bonds cover direct losses from employee theft, not third-party claims. In a recent case, courts ruled that losses from a fraud scheme were not covered because they resulted from a chain of ...