Fidelity Misses Nasdaq Deadline Newspapers Go Without Prices
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At the end of the busiest day ever on the New York Stock Exchange and the Nasdaq market, industry giant Fidelity Investments missed Nasdaq's afternoon deadline for submitting its fund prices, and as a result, 98 of its more than 200 mutual funds went without their closing net asset values in U.S. newspapers on Wednesday, October 29. Another 18 funds had incorrect prices due to a transmission foul-up earlier in the day. In the end, Fidelity could get the right prices for only 75 of its funds.
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