Chambersburg, PA asked in Business Formation and Employment Law for Pennsylvania

Q: Can your employer LEGALLY control where you can place your private IRA investments? The employer is worried about ...

..."Apparent" conflicts of interest with companies in which they have performed auditing work for in the past or plan to work for in the future. I do not work in the auditing branch of the company. They have threatened termination of any employee who does not comply. My company is an international company so its very big and has a lot of clients which limits your potential investment options.

1 Lawyer Answer
Peter N. Munsing
Peter N. Munsing
  • Wyomissing, PA
  • Licensed in Pennsylvania

A: I suggest you get a list from them. It seems like it would be a violation of them to tell you who you may and may not invest with. But then the question is do you want to fight now, or go with it move your IRA as soon as you are out of there, or use another investment vehicle?

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