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Fidelity Investments Buys California Accounts: The firm...

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From Times Staff and Wire Reports

Fidelity Investments Buys California Accounts: The firm that calls itself the nation’s largest privately held mutual fund and discount brokerage firm acquired more than 25,000 brokerage accounts from First Interstate Discount Brokerage, a unit of First Interstate Bancorp of Texas. The deal, effective Sept. 17, includes accounts in Arizona, Oregon, Idaho, Washington and Texas.

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