401k, Self Dealing, Prohibited Transactions & White Collar Crime
Andrew Betts of Bickling Financial talks about prohibited transactions involving #401K plans and how that can lead to a disqualification of the entire plan. This can lead to large tax implications and fines. Sometimes these transactions involve #fraud or other #whitecollarcrime, but even when there isn't a criminal issue it can still lead to serious problems.
Andrew holds the series 7 and 673 with LPL Financial, series 65 with Bickling Financial Inc., and is a licensed insurance agent. https://www.bickling.com/advisors/andrew-betts-mba-cfp/