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Old 05-17-2012, 06:55 PM   #37
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Originally Posted by Nervous View Post
I meant particularly the Facebook IPO. So, only E-trade offers Facebook IPO for retail customers. Accounts with 250k are not retail in my understanding.
A lot of custodial firms are requiring 500k minimum, and yes, retail brokerage accounts can have that kind of money in them. Active day traders use retail accounts all the time, however when you have that kind of money to play with and you are a big time trader, clearly you better have a good tax advisor to back you up if your money isn't in a managed (non-retail) account.
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