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Workplaces like banks are very sensitive about what you can or can't do. This article is thin on details. Better source: https://www.bloomberg.com/news/article

Workplaces like banks are very sensitive about what you can or can't do. This article is thin on details. Better source: https://www.bloomberg.com/news/articles/2018-01-22/nordea-bans-employees-from-trading-bitcoin-spokeswoman-says https://www.bloomberg.com/news/articles/2018-01-22/nordea-ba... “It is widespread practice across the banking industry to restrict the personal account dealing of staff to prevent them taking positions in speculative investments, or which might expose them to a risk of financial loss and therefore impact their financial standing,” Kellberg said. “Nordea therefore, like all banks, has the right to set out policies in this area that apply to its staff.”

FilterSweep 9y ago
Are we sure we're clear over what is violating noncompetes / "insider trading" vs. I want to avoid my employees undergoing complete financial ruin if X-coin crashes What tipped me off was this statement: > which might expose them to a risk of financial loss and therefore impact their financial standing The question isn't whether they can (they just did) but "why"? Their reasoning (unless article is cutting this out) doesn't go into insider trading.
- yorwba 9y ago
  Just speculating, but when an employee is suddenly short on cash, they might feel tempted to take some home from their job. So banks would try to make sure that their employees are more interested in their continued income over the long term, rather than a single large payday.
- notyourday 9y ago
  Even low level employees at a bank can do amazingly large amount of damage to bank customers and access enormous amount of money. While such actions can be unwound by the banks it is very costly and time consuming. It may also result in sanctions.