Cambria's Meb Faber Blasts Fidelity Over ETF Fee Plans

What You Need To Know

• Fidelity plans to charge investors up to $100 to buy ETFs from firms that don't agree to pay a support fee of up to $15% of their ETF revenue.
• The Cambria Investment Management CEO likened the move to extortion and said it would be a major PR mistake.
• Faber described the fee plan as anti-competitive and predicted Fidelity would face regulatory scrutiny.