Subject: Re: Schwab: Problem to invest cash
but rather it is forbidden to EU residents by EU rules. Eurofolks have to buy UCITS.

FWIW, if you really want to buy US exchange traded funds/notes, this article claims to discuss a few ways around the problem that might be worth investigating.
https://www.expatfinance.us/ge...

For example, snip:
"The EU restrictions on US-ETFs does not affect to sale of options on the respective ETFs. Therefore, a European broker can allow European retail investors to buy and sell options (put and call options) on US-ETFs. Typical options expire weekly, monthly or quarterly and there exist options for most major US-ETFs. Therefore, European investors could sell cash-covered in-the-money put options shortly before their expiration, which are almost certain to be exercised. This leads to an indirect purchase of the underlying US-ETF in multiples of 100 shares (as each option contract requires the purchase and sale of 100 shares). This approach is a bit cumbersome, but perfectly legal and in full compliance with current EU regulation. "

Jim