Guest crgravitt Posted October 29, 2003 Posted October 29, 2003 Anyone familiar with regs that would prevent a company V.P. from receiving commissions on the plan he is also a participant in? He's not on the board of directors and is appropriately licensed. Thanks for any help you can provide!
R. Butler Posted October 30, 2003 Posted October 30, 2003 Probably need to review PTE 84-24. Even if it qualifies for a prohibited transaction exemption, I'd avoid it just because of the appearance.
Guest crgravitt Posted October 30, 2003 Posted October 30, 2003 Thanks, R. Butler! Seems to be the fiduciaries' call when all is said and done.
MWeddell Posted October 30, 2003 Posted October 30, 2003 Prohibited transactions is an area that's complicated enough that I'd tell the client to get a legal opinion if they want to do it.
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