I understand this forum is primarily for clarifying points of law and regulation, but perhaps I can solicit strategy recommendations for extricating myself from an IRA tangle resulting from participation in a private placement capital raise by a small cap firm on the Toronto stock exchange.

The terms of the private placement subscription offering specified a price per Unit consisting of x shares and y stock warrants, both of which had minimum holding period restrictions of several months on the awarded securities before they could be traded or exercised.

My intent was simple, to use funds in my brokerage IRA accounts (~$150K Roth and $75K Traditional, handled separately) to purchase the shares and warrants for those accounts. My subscription forms specified the account registrations and account numbers for electronic transfer of awarded shares and warrants, as well as security registration FBO my name and notation as Roth or Traditional IRA.

My intent was to arrange direct issue of funds by my brokerage to the stock issuer, and subsequent direct transfer of the electronic securities back into those same accounts.

However complications arose with my online brokerage, which required that checks or wires from an IRA only be made payable to the IRA owner. Whereas the stock issuer needed the check or wire transfer payable to them.