Fidelity has caught the attention of securities regulators for actions that may have taken place primarily in its West Coast investment centers, reports the Wall Street Journal. At issue is whether Fidelity branch managers altered customer records in order to achieve perfect audits. Fidelity may have compensated the managers for achieving perfect audits, according to the paper.

Fidelity officials say they brought the matter to the attention of regulators.

The Portland, Oregon and Los Angeles offices are under the closest scrutiny and a number of branch managers from around the nation have reportedly been fired. The report adds that regulators have e-mail messages sent between West Coast and East Coast Fidelity managers that discuss the types of documents sought by internal auditors.  

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