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Why should they be held under less scrutiny than CEO's? They typically have to clear their stock sales with the SEC months in advance.
by lend000 6y ago
Why should they be held under less scrutiny than CEO's? They typically have to clear their stock sales with the SEC months in advance.
- somethoughts 6y agoThat's true too! Finance sites like Marketwatch and Yahoo have insider transaction logs for each company when you search their ticker symbol [1]. There should be a tab to view "US office holder and their immediate relatives" transaction log page as well listed for each ticker. [1] https://finance.yahoo.com/quote/AAPL/insider-transactions/ https://finance.yahoo.com/quote/AAPL/insider-transactions/
- cameronh90 6y agoAlso as a regular fintech worker, I have to get internal approval from my employer for anything I do. Why can government representatives trade willy nilly without any oversight?
- BurningFrog 6y agoIf you wrote the rules for yourself, they would probably be more lenient :)
- icedchai 6y agoDo you actually "have to"? How would they know if you don't? Basically, is it an honor system?
- FabHK 6y agoWhen I was in that situation, I had to disclose all brokerage accounts to my employer, and authorise the brokers to send copies of the account statements to the employer's compliance department.
- psychlops 6y ago20 years ago it used to be the honor system. Now all the records are connected, many make it a requirement of employment to move all accounts into the firm.
- dmurray 6y agoAlso, it's mandated by the SEC. There are obligations on you, your employer, and (if your broker is in the US) your broker to ask you, and to inform each other. So it's kind of on the honour system - your broker probably won't ask you for payslips proving you don't work in the industry - but a lot of people are incentivized not to let it happen.