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Re: lumpina post# 10877

Wednesday, 02/08/2012 12:30:12 PM

Wednesday, February 08, 2012 12:30:12 PM

Post# of 19259
I Trade an IRA (cash account)and that happens to me about once a year. I go ahead and make the trade anyway and get the letter. I am reading this from a letter I got on 10/11/11. "If you establish a pattern of violation your cash account will be restricted for 90 calender days. We generally define a pattern as 3 incidents in a rolling 365-day period." The reason is you cant have margin on a retirement account. Now this is the rules Fidelity Investments use.