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New Suits Over Do-It-Yourself IRAs-WSJ

This is an interesting article as several clients are suing a couple of the custodians for not doing the proper research on fund managers in which they processed paperwork for. While regulation is problematic more often than not it seems, stricter requirements on what is allowable for self directed IRA's probably isn't the worst idea. Programs such as managed futures and private REIT's, which can have higher fees, and lack liquidity are probably best off being left to accredited investors.

http://online.wsj.com/article/SB10001424052702304818404577350202576759664.html?mod=WSJ_hp_LEFTTopStories