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GOBankingRates

GOBankingRates

Business

Business & Economics

Charles Schwab and Fidelity block investors from buying 3 money-market mutual funds

GOBankingRates
Summary
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63% Informative

Charles Schwab and Fidelity blocked access for clients to purchase three specific ETFs.

The iShares and Texas Capital Government Money Market ETFs track money-market mutual funds.

The brokerage platforms have the ability to choose what investors can and cannot purchase through their platform.

If you have your heart set on purchasing one of the banned ETFs, you’ll need to open a new brokerage account.

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