fidu Posted February 15, 2002 Posted February 15, 2002 As trustee, if you are taking investment directions from a QPAM, is your liability in some way limited because of the QPAM;s status. or, in the alternative, does that simply permit investment types which would otherwise be deemed prohibited transactions.?? it was my understanding that if investments were being directed by a QPAM the trustee/custodian/fiduciary was in some way relieved of liability regarding those investments. can anyone confirm, deny or explain this in a bit of detail please. many thanks.
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