Overview
Prohibited Transaction Exemption (PTE) 2020-02, Improving Investment Advice for Workers & Retirees, was adopted in 2020 and went into effect in 2021, but enforcement was delayed until 2022. PTE 2020-02 is a new prohibited transaction exemption under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (the Code) that applies to investment advice fiduciaries concerning employee benefit plans and individual retirement accounts (IRAs). This course will discuss the Exemption, standards, and relief provided under PTE 2020-02.
Learning Objectives
- understand fiduciary standards under PTE 2020-02
- comprehend rollover advice requirements
- learn about prohibited transaction relief
- grasp impartial conduct standards
- identify and manage conflicts of interest
- understand disclosure requirements
- fulfill compliance obligations
Designed For
Registered Representatives
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