Guest TaxedToDeath Posted December 12, 2013 Share Posted December 12, 2013 My understanding is that a lender that makes loans to leverage an ESOP should not also serve as that ESOP's trustee. There is a DOL ruling about this, but it doesn't seem to be listed on the EBSA website. Does anyone know where the ruling can be found? Link to comment Share on other sites More sharing options...
Peter Gulia Posted December 13, 2013 Share Posted December 13, 2013 Before looking to any law source, why would a lender want to have fiduciary duties to its borrower? Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com Link to comment Share on other sites More sharing options...
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