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Ohio Supreme Court Clarifies the Definition of “Participating in or Aiding” Securities Fraud
  • Ulmer & Berne LLP
  • USA
  • November 7 2018

In a recent landmark decision, the Ohio Supreme Court declared that R.C. 1707.43 does not impose joint and several liability on a custodian of a

US SEC warns about cryptocurrency-based self-directed IRAs
  • Hogan Lovells
  • USA
  • August 20 2018

The US Securities and Exchange Commission (SEC) has advised investors to avoid self-directed individual retirement accounts (IRAs) based on

Does Peek v. Comm’r extend to rollover as business start-ups (ROBS) arrangements?
  • Latham & Watkins LLP
  • USA
  • June 11 2013

The United States Tax Court recently ruled against a group of taxpayers in a significant case concerning the legality of transactions involving

DOL opines that security interest in non-IRA brokerage assets to cover IRA indebtedness is a prohibited transaction
  • Eversheds Sutherland (US) LLP
  • USA
  • November 30 2009

In Advisory Opinion 2009-03A (October 27, 2009), the U.S. Department of Labor (DOL) opined that the pledge of an IRA owner’s personal accounts at a brokerage firm to secure the payment of any debt or liability in his self-directed IRA maintained with that firm would violate the prohibited transaction rules of Internal Revenue Code 4975.

Broad pledge and lien provision in IRA brokerage agreement is prohibited transaction
  • Katten Muchin Rosenman LLP
  • USA
  • November 13 2009

In Advisory Opinion 2009A-03, the Department of Labor (DOL) determined that it would be a prohibited transaction under Section 4975 of the Internal Revenue Code (Code) for an individual retirement account (IRA) to enter into a pledge and lien agreement involving a customer’s regular brokerage account and the customer’s IRA.

Daniela Paez
  • Ulmer & Berne LLP

Gregory Lisa
  • Hogan Lovells