Posted by John Merchant on February 06, 2010 at 11:27:05:
In Reply to: finding self directed IRA investors posted by cork horner on February 05, 2010 at 23:55:48:
Two points here:
First, no, SDIRA Custodian companies are most protective of their clients and will not (and should not, legally) divulge names of their clients to any outsider.
Secondly, I've known of some developers who got themselves in trouble with securities regulators when advertising for those investors.
They were holding little free "seminars" for SDIRA investors, actually of course pushing their own alleged investing expertise and projects.
The Sec. Agency involved issued a "cease and desist" ordering them to cease such seminar advertising, etc. as such was an unlawful effort to sell unregistered and non-exempt securities, at least in the opinion of that sec. agency.
I'd recommend that anybody wanting to advertise for such, first go to or talk to your state's sec. regulators and run this by that agency. They'll educate you as to what they'd want you to do, not do, etc. and save your getting your hands slapped.
I've had some real knock-down arguments with my own state guys as to what was/is legal, what's not, etc. but I always backed down, not wanting to get on their black lists. While I'm entitled to my own opinion, mine isn't backed by State Atty General and his hundreds of minions.
- Re: IRA Custodians protective cork horner 18:33:05 02/06/10 (0)