Option Trading Articles: Re: [TheOptionClub.com] Retirement Accounts

Tuesday, June 30, 2009

Re: [TheOptionClub.com] Retirement Accounts

A question for your broker

ISE educational presentations are now available via the iTunes Music Store. Visit Option Education @ Your Fingertips for free ISE podcasts. Sent from my Blackberry. Alex Jacobson ajacobson@ise.com. 1(917)2243711

From: OptionClub@yahoogroups.com
To: OptionClub@yahoogroups.com
Sent: Tue Jun 30 16:48:57 2009
Subject: Re: [TheOptionClub.com] Retirement Accounts

Hi Alex,
Your messages always contain very useful information.
May I get some additional clarification please? In your message below, was the Chicago based trustee that failed due to fraud an outside trustee?
And were the clients generally protected up to the SIPC limits?
Thanks,
Bill W

On Tue, Jun 30, 2009, Jacobson, Alex <ajacobson@ise.com> wrote:

..... Some years back a Chicago based trustee that allowed futures in IRAs actually failed due to fraud - not the strategies just simple fraud. It is not uncommon that the restriction comes from the trustee. Is on outside trustee better or worse - who knows we could debate forever. Many argue that if your IRA exceeds SIPC protection an outside trustee could be a good idea....

__._,_.___

Messages in this topic (5) Reply (via web post) | Start a new topic

Messages | Files | Photos | Links

The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading. All messages and postings, and any materials circulated are provided for discussion and educational purposes only. No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice. All investors are encouraged to consult a qualified professional before trading in any security. Stock and option trading involves risk and is not suitable for most people. There is no guarantee that any information provided is accurate and, may in fact, be wrong. It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student. As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com

MARKETPLACE

(1) New IQ Challenge. 92.6% of Americans get this question wrong!.

How Many Triangles? 92.6% of Americans Fail this Question!.

Mom Power: Discover the community of moms doing more for their families, for the world and for each other