Louis Hernandez filed a claim with Wall Street’s self-regulator against Fidelity Brokerage Services on Thursday for blocking his attempts to unload shares of Nokia (NOK) and AMC (AMC) on January 28, his lawyer told CNN Business. Hernandez, who lives in Arizona, eventually sold the shares at a steep discount from where they had been trading when he initially tried to sell them, the lawyer said.
“It caused a huge loss for our client in a matter of days. It was really devastating,” William Lewis, the lawyer representing Hernandez, said in an interview. Fidelity said it had not received this specific
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