Labour market · 20/04/2015

DOL Proposes Amendments to Employee Benefit Plan Exemptions and Revokes Part of Another Exemption

The Department of Labor has proposed changes to two exemptions that allow employee benefit plans and broker-dealers to engage in certain securities transactions without violating self-dealing rules. The proposed amendments aim to strengthen safeguards, while also revoking parts of another exemption that the DOL considers duplicative.