Determine which of the prohibited transaction rules

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Reference no: EM1339722

Which of the following statements concerning the prohibited transaction rules is correct?

I. A sale of an investment to the plan from a party in interest is a prohibited transaction unless it is exempted by a statutory, administrative, or individual exemption.

II. The plan's attorney is not a party in interest.

A. I only

B. II only

C. Both I and II

D. Neither I nor II

Reference no: EM1339722

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