The U.S. Federal Trade Commission (FTC) presents the August 1998 consumer alert "Taxpayers with IRA's: FYI the IRS Does Not Approve IRA Investments" in PDF format. The alert warns that investors should be cautious of advertisements that claim certain types of investments for individual retirement accounts (IRAs) are approved by the U.S. Internal Revenue Service (IRS). The IRS does not approve investments for IRAs.