"The disclosures [provide] hints to, and sometimes disclose, the complex series of relationships and financial arrangements which make possible the daily trading and investing of the assets in individual account plans, on both NAV and insurance platforms, and the manner in which those parties involved in those relationships are paid for those services. What this new view reminds us of is that 408(b)2 is but one (albeit important) part of the entire scheme of prohibited transaction rules. There are a myriad of other prohibited transaction exemptions that are necessary to make the system work."  MORE >>