Fidelity indefinitely pausing new long/short account openings

"move those to Schwab"

Brent Sullivan

Feb 19, 2026

∙ Paid

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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.