This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Fiserv Solutions LLC reached an $8.9 million settlement with the United States for improperly taking bulk mail discounts and failing to comply with USPS Move Update standards.
The United States reached an $8.9 million settlement with Fiserv Inc. for improperly taking bulk mail discounts, with the DOJ stating 'Any company falsely claiming these discounts should know that we will pursue this fraud and bring them to justice.'
The EEOC's complaint alleged that Fiserv Solutions Inc. violated the Americans with Disabilities Act by discriminating against employees or applicants based on physical disability.
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The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.