19.305—May I enter into a covered transaction with an excluded or disqualified person?
        
        (a) 
         You as a participant may not enter into a
 covered transaction with an excluded person,
 unless the Department of the Treasury grants an
 exception under  § 19.120.
    
    
        
        (b) 
         You may not enter into any transaction with
 a person who is disqualified from that
 transaction, unless you have obtained an exception
 under the disqualifying statute, Executive order,
 or regulation.