Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Education Consultant

Pentegra
(Remote / Putnam Valley NY)

Pentegra logo

Plan Compliance Analyst (Administrator)

RPA
(Remote)

RPA logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>



Text of DOL Adv. Op. 2004-05A on Use of 'Alternative Trading System' for Securities Transactions
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]Link to more items from this source
June 7, 2004

Excerpt: [Y]ou ask whether the execution of a securities transaction between a plan and a party in interest with respect to such plan as defined in ERISA through an alternative trading system (ATS) maintained by Liquidnet, Inc. (Liquidnet) constitutes a prohibited transaction under section 406(a)(1)(A) and (D) of ERISA.... The Liquidnet System is an 'alternative trading system,' as defined in Rule 300(a) of Regulation ATS under the Securities Exchange Act of 1934, as amended.

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022 BenefitsLink.com, Inc.