WASHINGTON, D.C. - The Third Circuit U.S. Court of Appeals properly ruled that a nonfiduciary financial planner who marketed a tax avoidance scheme as a multiple-employer welfare arrangement (MEWA) to several employers is liable under Employee Retirement Income Security Act Section 502(a)(3) for knowingly participating in a prohibited transaction in connection with the MEWA, employers told the U.S. Supreme Court on March 11 in their opposition to the financial planner's petition for writ of certiorari...(read more)Image may be NSFW.
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