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The Provision of Investment Advice Under Prohibited Transaction Exemption 97-60
The Wagner Law Group 
[Guidance Overview] Sept. 21, 1999
"The Department of Labor recently issued a prohibited transaction exemption (PTE 97-60) to an ERISA investment advisory firm, the Trust Company of the West (TCW), allowing it to provide investment allocation and investment advice to participants in ERISA §404(c) individual account plans. The advice includes a recommendation to invest in group trusts set up by TCW which contain mutual funds managed by a sister company. The author of the following article was involved in obtaining the exemption and explains its potentially groundbreaking significance."
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