This article will focus on the major problem area which has resulted from the above legislation. That problem is whether or not a savings association must register with the Securities and Exchange Commission (SEC) pursuant to the Securities Act of 1931 or the Investment Company Act of 1940, as a consequence of acting as trustee for an IRA or Keogh plan.
"Securities Laws Implications For Savings Associations Acting As Trustees For IRA's and Keoghs,"
Akron Law Review: Vol. 11
, Article 6.
Available at: https://ideaexchange.uakron.edu/akronlawreview/vol11/iss3/6