Short People

dwarf (dwôrf), n. pl. dwarfs, dwarves (dwôrvz) 1. any human being, animal or plant that is much smaller than the usual one of its species. 2. generally, an individual who is 4’10” tall or shorter than the norm for their ethnic background is considered short statured and medically known as a dwarf. the label “dwarf” has traditionally been given to persons of disproportionate short stature, whereas the term “midget” referred to those of endocrine or pituitary deficiency type. in clinical practice, however, the terms “short statured,” “dwarf” and “short” person are preferred. Shortdwarf.com

Fidelity Investments, whose traders were recently caught up in a ongoing scandal involving dwarf tossing and other unseemly affairs, recently apologized:

December 21, 2006
An Open Letter from Edward C. Johnson 3d, Chairman of the Board of Trustees of the Fidelity Mutual Funds

Dear Shareholders, Customers, Clients and Employees:

More than two years ago, the NASD brought to our attention information that a number of our equity traders and supervisors had accepted lavish travel, entertainment, gifts and gratuities (TEGG) from broker-dealers who execute trades for the Fidelity mutual funds. We investigated these violations of our policies and as a result, we took action against these individuals. Some were fined, some have left the company, none who were involved in serious misconduct are associated any longer with equity trading at Fidelity. In addition, we enhanced appropriate policies, conducted extensive training and education, and added new management oversight of the equity trading operation. Mea Culpa

It took nearly two years to get this matter resolved. Wall Street needs move on.

Hopefully this will be the last you hear about it…

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