Fidelity indefinitely pausing new long/short account openings

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This article is educational content, not investment, tax, or legal advice. Hire an adviser or tax attorney for personalized guidance.

Reporting note: This post is based on conversations with several advisers and industry participants. Where noted, comments reflect adviser opinions or unverified rumor. If Fidelity provides clarification, I will update this post.

On February 11, 2026, I got the following note (details redacted) from a source:

Tax-aware long/short strategies (e.g., 130/30, 250/150), customized in separate accounts, are white hot in taxable wealth nowadays. Here’s a recent refresher for anyone getting up to speed.

I’ve been reporting on the tax-aware long/short new account pause at Fidelity for two months now.

Advisers consider all options as Fidelity extends pause on new tax-aware long/short account openings

This article is educational content, not investment, tax, or legal advice. Hire an adviser or tax attorney for personalized guidance.

Tax Alpha InsiderBrent Sullivan

Fidelity pumps the breaks on tax-aware long/short. Does this impact you?

Basis Northwest

Tax Alpha InsiderBrent Sullivan

Advisers report Fidelity pauses new tax-aware long/short accounts until mid-Jan 2026

This article is educational content, not investment, tax, or legal advice. Hire an adviser or tax attorney for personalized guidance.

Tax Alpha InsiderBrent Sullivan

But yesterday, new reports started trickling in…