Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: JAFO31 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120818  
Subject: Re: Can one transfer non-tradable stock into a R Date: 4/16/2001 8:31 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
kaliban: "Thanks JAFO, It is legal for any accredited investor or institution to purchase the stock and I know of several shareholders that have purchased their stock in this company using their Roth trust. However, the particular trustee that I'm aware of in connection with those shareholders no longer deals with IRA's.

Does anyone know of a trustee that would handle such a transaction?"


WRT to the last question, no.

Your welcome. Securites law is not my forte, but if it "legal for any accredited investor or institution to purchase the stock", then it sounds like it is publicly registered. My limited knowledge of private placements and other registration exemptions suggest that "accredited investor" is a term of art and that there are limits to the number of offerees, BWDIK.

To whom did those shareholders move their IRAs after that trustee stoped dealing in IRAs? You might ask your broker, if his/her company would do this and if not, could he/she make a recommendation.

Regards, JAFO
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
2013 Feste Award Voting Begins!
Who will win the 2013 Feste Award? Vote now for the Fool that most exemplifies the Fool Community mission of Learning Together!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Tax Strategies

TMFPMarti-Feeling Good
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement