• DOL opines that Security Interest in Non-IRA Brokerage Assets to Cover IRA Indebtedness is a Prohibited Transaction
  • December 10, 2009
  • Law Firm: Sutherland Asbill & Brennan LLP - Washington Office
  • In Advisory Opinion 2009-03A (October 27, 2009), the U.S. Department of Labor (DOL) opined that the pledge of an IRA owner’s personal accounts at a brokerage firm to secure the payment of any debt or liability in his self-directed IRA maintained with that firm would violate the prohibited transaction rules of Internal Revenue Code § 4975.