Makes no sense to me. I've sold notes in both my IRA and my wife's IRA as recently as 3 days ago.
Yes, everyone "can", if they are willing to ignore the restriction, press the buttons, and face any possible future consequences. I think all parties involved know this. I took twigster's post to mean that LC claimed to be working on a "fix" meaning working on a way that they can remove that language from the investor agreement and work out whatever legal issues are the cause of this whole mess.
But they have been saying this since day 1 and nothing has happened with it, so I wouldn't trust anything they say. Reminds me of
The Money Pit... How long until the house is done? "Two weeks" is always the answer, with a chuckle.