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Of course if you actually work in financial services industry, your personal trading is extremely restricted. This is regardless of being in no position to see
by steveBK123 6y ago
Of course if you actually work in financial services industry, your personal trading is extremely restricted.
This is regardless of being in no position to see positions/flow/etc that would give you any insider edge.
The industry generally sees it as easier to show compliance by having locked down personal trading by employees.
Usually this takes the form of - ETFs only, pre-clearance required, 30 day holding periods, limited to using only a list of 5 approved brokers.. and sometimes all of the above.
The restrictions apply not just to spouses but to anyone in household, and you have to attest you are reporting any holdings of say.. your parents, if you still live at home.
So the mother of a live-at-home college grad tech support analyst who plugs in phones at a bank has more trading restrictions than senior politicians :-)
- Havoc 6y ago> and sometimes all of the above. And you need to grant them access to the broker data feed and no derivatives. It's in part why I'm suddenly into crypto.
- steveBK123 6y agolot of them banning crypto or requiring disclosure as well
- Havoc 6y agoWhy would they? They only restrict me due to concerns about insider info...and I certainly don't know where bitcoin is going tomorrow based on my decidedly non crypto finance day job