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Non-Tech : MB TRADING
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To: tom pope who wrote (4506)4/12/1999 12:05:00 PM
From: Dan Swartzendruber  Read Replies (1) of 7382
 
>>Can you short stocks in IRAs at ABW? You can at Schwab providing you have the cash to buy it back<<

That's surprising. I thought no brokerage permitted short sales from an IRA under any circumstances.

I think you're confusing short sales with margin activity. Under no circumstances can an IRA be a margin account, since with a margin account, the assets are collateral for the brokerage loan, and federal law prohibits use of IRA assets as collateral.
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