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Gary,
Yes, they can be traded in either account. They are a hybrid and will take
on the characteristics of either a security or a future depending upon which
type of account in which you trade them. Their name is Security Futures
Products.
Either a series 3 (futures broker) or a series 7 (securities broker) can
deal in them. All they (the broker) need do is take the free online course
offered by the NFA and register to do so with the NFA.
You will be able to trade them in any kind of account you now have as long
as your current broker offers them for sale.
Please let me know if you have any more questions.
Regards,
Perry
Futures on Stocks Central
H. Perry Dahm, CPA, CTA
mailto:hpdahm@xxxxxxxxxxxxx
300 Esplanade Drive, 9th Floor
Oxnard, CA 93030
805-981-3928
800-350-8744
-----Original Message-----
From: Gary Fritz [mailto:fritz@xxxxxxxx]
Sent: Monday, September 02, 2002 1:54 PM
To: hpdahm@xxxxxxxxxxxxx
Subject: RE: Off topic - CTA
> I have written extensively and teach seminars on trading the upcoming
> Single Stock Futures inside of retirement plans, including 401k's,
> IRA's and regular pension funds. These contracts may be traded in a
> normal securities account, rather than going through a trust company
> to trade traditional commodity futures.
They **CAN** !? I thought they had to be in a commodity account.
I was planning on trading the new ETFs -- the ones that are tied
both plus and minus to S&P500, ND100, DJ30, and SP Midcap -- but
SSF's might be even better...
Gary
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