roth ira trustees who will hold restricted stock,i.e. small company issues by private placement

[Guest rx8]

does anyone know an ira "trustee" who will accomodate restricted stock? most brokerages, perhaps all, will only hold stock that is a "member" of the depositoy trust corp. would appreciate help.

does the irs have a list of rgistered trusties? thanks

[ljr]

Try your local banks' trust departments. Be prepared, it's not a free service if you can find a bank trust department that will do it.

[Appleby]

Check other custodians too. There are some that will allow the IRA to invest in restricted and non-publicly traded stocks, provided the requirements under IRC 4975 are met. List of Nonbank Trustees and Custodians available at

http://www.unclefed.com/Tax-Bulls/2003/ann03-54.pdf