Plan fiduciary with insider information

[Guest allisonperry]

An officer of a company that maintains a defined benefit plan is a member of a fiduciary committee responsible for investing plan assets in company stock. What happens if/when the officer has material nonpublic information? Is the officer prohibited by securities laws from acting on the insider information when making investments on behalf of the plan? If so, is the fiduciary committee violating its fiduciary duty owed to the plan under ERISA if it does not act on material nonpublic information possessed by its members?

[Ron Snyder]

Here's a suggestion: post ever message at least twice in different threads.