Even though it is not an issuer auction rate securities (ARS), Fidelity has been caught up in New York Attorney General Andrew Cuomo's widening investigation. Fidelity spokesman Vincent Loporchio told The Boston Herald that since his company is not itself an issuer or sponsor of ARS, its situation differs from the brokerages that have so far been Cuomo's targets. Cuomo has also targeted Merrill Lynch, Wachovia, Schwab and Goldman Sachs.  

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