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Prohibited Transaction Rules under ERISA Have Protected Participants Against Self Dealing Conflicts
401kHelpCenter.comLink to more items from this source
Mar. 6, 2006
Excerpt: Since 1997, Rep. John Boehner has championed a bill that would remove current ERISA provisions that prohibit conflicted advice and would allow mutual fund companies, banks and brokerage firms to provide advice on their own investments. Each time the bill passed the House, the Senate rebuffed it. Once again, conflicted advice is being discussed, this time as part of a broad pension bill that contains numerous very positive provisions.

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