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ACCUSED OF VAST FRAUD WASHINGTON, D. C, Dec. 14 The Fidelity Investment Association, a nation-wide investing firm, which has marketed 00,000,-000 of its own securities since 1920, today was accused of fraudulent operations by the Securities and Exchange Commission. The Securities Exchange Commission made its allegation in a bill of particulars filed with the United States District Court at Detroit and asked for an injunction restraining the company from making additional sales of its securities in violation of federal and state laws. The company has fifty-eight regional offices in leading cities of the United States and has headquarters at Wheeling, W. Va. Its latest financial statements lists among its directors, prominent financial officials and former high ranking government leaders. At present there are 76,223,450 worth of investment contract certificates issued by the firm outstanding.
