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We were trading IRA accounts short at TS, however we had to switch to (i
think) delaware accounts and than it turned out that it still wasn't
allowed.
We are now working on a hedge fund but I understand that you need to be
"accredited" to be "allowed" into a hedge fund (meaning assets of 1 million
or more).
Actually this is very unfair regulation because the "small" guys (in IRA)
are now not allowed to enjoy the short side of a trade (and make money in a
down turn).
Robert
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Robert Linders
Orlando, FL
email: mugsnug@xxxxxxxxx
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----- Original Message -----
From: "Wes Williams" <softexcl@xxxxxxx>
To: "TaoOfDow" <TaoOfDow@xxxxxxxxxxxxxx>; "Omega List"
<omega-list@xxxxxxxxxx>
Sent: Wednesday, February 20, 2002 12:18 AM
Subject: RE: Scope of Trading in an IRA Acct: Short Selling?
> >
> > Query: Is there any way to short-sell stocks in an IRA, for example even
> > the QQQ stock tracking stock?
> >
>
> Yes. A Hedge Fund can do this for IRA accounts. You would have to go
through
> an institution like RAI, Retirement Accounts, Inc.
>
> Sincerely,
> Wes Williams
>
> > Sincerely,
> >
> > Richard
> >
> >
>
>
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