TITLE

High Price of Disqualification

AUTHOR(S)
Slott, Ed
PUB. DATE
January 2014
SOURCE
Financial Planning;Jan2014, Vol. 44 Issue 1, p63
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses a U.S. Tax Court ruling involving prohibited transactions within the individual retirement account (IRA) of a client. It outlines brief details of a case which involves client Darrell Fleck, lawyer Lawrence Peek, and certified public accountant (CPA) Christian Blees who planned on using their IRA to acquire assets of Abbott Fire Safety. The need for investment advisors to warn clients against using their IRA for buying shares within their own firm is emphasized.
ACCESSION #
93402373

 

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