20 C.F.R. § 411.240 What limitations are placed on a PM?
Title 20 - Employees' Benefits
A PM is prohibited from directly participating in the delivery of employment services, vocational rehabilitation services, or other support services to beneficiaries with tickets in the PM's designated service delivery area. A PM is also prohibited from holding a financial interest in an employment network (EN) or service provider that provides services under the Ticket to Work program in the PM's designated service delivery area.
Title 20: Employees' Benefits
PART 411—THE TICKET TO WORK AND SELF-SUFFICIENCY PROGRAM
Subpart D—Use of One or More Program Managers To Assist in Administration of the Ticket to Work Program
§ 411.240 What limitations are placed on a PM?

