Regulation & law · 25/09/2008

Department of Labor Grants Exemptions for Prohibited Transactions Involving Multiple Companies

The Department of Labor has issued exemptions from prohibited transaction restrictions for several companies, including Wholesale Electronic Supply, Merrill Lynch & Co., Inc., Pileco, Inc., and Mellon Bank, NA, from Employee Retirement Income Security Act of 1974 and Internal Revenue Code of 1986 requirements, following a public notice and comment period.