This segment features a discussion with Steve Sears on his column in Barrons in which he reported that the Department of Labor is determined to ban IRA accounts from using options. The foolishness of the DOL's position is explained.
Steve explains how the powers that be in Washington don't understand the mistake they are making and don't understand options. They don't understand how options can make for a more conservative and less risky portfolio.
The discussion examines the reaction of the securities industry. The poor lobbying effort and pr campaign is driven home and Steve makes it clear that those in Congress will only react if they hear from their constituents.
Watch this episode of What Else Ya Got?” with Tom Sosnoff, Tony Battista and Steve Sears for an indepth look into the Labor Department's proposal to ban option trading in IRAs.