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+1. I work in regulatory compliance at a financial firm. My current firm doesn't do this because we don't originate trades, but when I worked at a hedge fund, a
by hermitdev 10y ago
+1. I work in regulatory compliance at a financial firm. My current firm doesn't do this because we don't originate trades, but when I worked at a hedge fund, all forms of electronic communications were MITM'd & recorded for regulatory reasons (and to monitor for IP theft - we did sue a soon former employee after he emailed source for a quantitative model to his personal gmail) primarily to combat or defend against insider trading.
- FireBeyond 10y ago> and to monitor for IP theft - we did sue a soon former employee after he emailed source for a quantitative model to his personal gmail That wouldn't be a certain Sergey Aleynikov and GS would it? (https://en.wikipedia.org/wiki/Sergey_Aleynikov https://en.wikipedia.org/wiki/Sergey_Aleynikov)
- hermitdev 10y agoNo. I've never worked for GS. In the case I'm talking about, the employee was sued 4 hours before he was fired. Federal criminal charges came a few months later.