MichaelDurbin, president of Fidelity Institutional Wealth Services, which works with registered investment advisers, said the redemption fee is "prudent, " adding that the vast majority of investment advisers don't sell ETFs within 60 days.
Democratic senators backing the framework unveiled Monday plan include Chuck Schumer of New York, Dick Durbin of Illinois, Robert Menendez of New Jersey and Michael Bennet of Colorado.