DOL Issues Interim Final Rule on Cross-Trading Policies and Procedures for ERISA Accounts
February 14, 2007
By Josh Sternoff and Jacquelyn Volpe
The recently enacted Pension Protection Act established a helpful new prohibited transaction exemption for cross-trading of securities held by ERISA-covered accounts. Among other things, the exemption requires cross-trading investment managers to adopt written cross-trading policy and procedure statements. The U.S. Department of Labor has just issued interim guidance on satisfying this requirement.
Recent Federal Rulings Shift Toward Title VII Protection of Transsexual Employees
February 6, 2007