If LC does indeed take away my ability to trade in IRA, I will close my account. Since we can't write off losses like we can in a taxable account, it's critical to have the ability to sell loans that may default. I thus do less selling in my non-IRA account, plus I hate dealing with tax paperwork.
What worries me is that we can't get a clear answer from LC on this. The rep whom I called at LC told me he thinks the new policy may only apply to new accounts, but he wasn't confident in his answer.
What worries me is that we can't get a clear answer from LC on this. The rep whom I called at LC told me he thinks the new policy may only apply to new accounts, but he wasn't confident in his answer.