Investment Operations Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. The Fidelity Fund and Investment Operations (FFIO) organization provides critical accounting, cash management, asset appraisal, and balance confirmation services that support portfolio managers investing client assets across a broad range of traditional and alternative investment products, including derivatives.