Most large financial services firms have so far steered clear of virtual currencies. Fidelity is one of a few traditional investment companies to have also openly backed the digital currency.
The SEC suggests keeping your guard up against fake news seen in social media, investment newsletters, online ads, email, Internet chatrooms, direct mail, newspapers, magazines, TV and radio.
The proceeds of the IPO would be reinvested in businesses such as health insurance, savings products that do not tie up too much capital, property and casualty insurance.
