I received an e-mail forwarded by a client from a Kevin Douglas whose hook has to do with a supposed Dodd-Frank provision. He says that “big banks and the FDIC were granted ‘provisional responsibility’ to its depositors, meaning banks have the right to issue stock certificates should they need to utilize your funds to function.”

By “stock certificates” he explains that banks can unilaterally exchange money in IRAone’s for shares of that bank’s stock. The tone is the typical sensational rambling with a link to the company’s website. The company is Goldco (goldcoira3.com), and the pitch is for buying gold for one’s IRA.

I doubt it. Do you know anything about it?