To: Uncle Frank who wrote (14987 ) 6/13/2001 2:54:24 PM From: Mike Buckley Read Replies (1) | Respond to Frank,Of course, you won't be able to, and I'd be willing to bet on that. You give me a serious offer and I'll give it serious consideration. Settlement of the bet using PayPal will not be construed as a serious offer.stockoptions.com He clarified twice on the phone that his firm has no income criterion for trading options and that it does allow naked options in an IRA.take the risk of inappropriately approving me for options privileges. He says that the firms that use income as a criterion for authorization to trade options "are penalizing [me] for [my] success." He also says that the wire houses are using the federal government as the scapegoat, blaming them for preventing the individual investor from purchasing options in their IRAs, when in fact the only reason it's prevented is by their own choice; his understanding is that the federal government has exercised virtually no authority in the matter. you are just unwilling to present your excellent financial condition in a manner that would relieve the brokerage of legal liability should they approve you.
