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Advisers
Nov. 20, 2009 -- On November 20, 2009, the Department of Labor (DOL) withdrew a rule concerning who can provide investment advice to plan participants without violating prohibited transactions provisions of the Pension Protection Act (PPA). The DOL withdrew the rule because it believed the rule did not adequately protect plan participants, and intends to publish a new rule that conforms to the PPA statutory exemptions relating to investment advice.
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