Author: administración

The big picture: Fidelity Investments is expanding its list of ETFs subject to a $100 purchase fee, growing from roughly 27 funds to more than 120. The updated list takes effect June 1, 2026, and targets ETF issuers that do not pay Fidelity a direct, asset-based fee to support platform availability. Why it matters: The fee structure has drawn accusations of a “pay to play” model. If an ETF issuer doesn’t have an agreement with Fidelity, the $100 service charge gets passed directly to the investor on each purchase. That forces smaller fund managers into a choice: pay Fidelity or…

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What’s happening: Senator Mark Kelly (D-AZ) and 29 Democratic colleagues introduced the Keep Public Funds in Public Schools Act, a bill that would repeal the Education Freedom Tax Credit (EFTC) — the federal school choice tax credit signed into law last summer as part of the One Big Beautiful Bill Act. Why it matters: The EFTC is the first federal law that could expand school choice to families in all 50 states. It provides a dollar-for-dollar tax credit of up to $1,700 for individual donations to scholarship granting organizations (SGOs), set to take effect in 2027. Twenty-nine states have already opted…

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