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>
> I don't believe there is anything that would prevent you from
> doing your own
> "hedge fund." Choose the simplest Reg to follow (probably Reg. D) and in
> some States it may not even have to be registered if your RIA is the only
> subscriber. I'm sure there's a workaround.
>
You are correct that Reg D applies and you can have up to 35 non-accredited
investors under Reg D. However, there is another limitation (205?) that
forces all to be accredited (assets of $1M, Salary > $200K, etc). Already
checked and pushed the envelope on that. Robert is correct. However, there
may be other means to short an IRA in related structures.
Sincerely,
Wes
>
> -----Original Message-----
> From: Robert Linders [mailto:mugsnug@xxxxxxxxx]
> Sent: Wednesday, February 20, 2002 6:11 AM
> To: omega-list@xxxxxxxxxx
> Subject: Fw: Scope of Trading in an IRA Acct: Short Selling?
>
> 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
>
> ===============================
> Robert Linders
> Orlando, FL
> email: mugsnug@xxxxxxxxx
> ===============================
> ----- 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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