2 ms·
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 cra
by 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 agoJust 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 agoEven 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.