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YES, You can do a rollover to any discount brokerage you wish. Fidelity, Ameritrade, Vanguard, E*Trade, Datek, DLJDirect, Schwab, etc. etc.
As long as the check is made out to the brokerage firm, and NOT to you the IRS doesn't care wo you select as a discount broker. Yes, you may buy individual stocks, bonds and mutual funds. All comissions must be paid out of the funds in the IRA.

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