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If you work at an investment bank or hedge fund you typically have to apply for approval before trading personally (or someone connected to you like a spouse or
by davidhyde 5y ago
If you work at an investment bank or hedge fund you typically have to apply for approval before trading personally (or someone connected to you like a spouse or partner). That applies for each and every trade you make. This is not an unfair request to make of your employees because it limits potential insider trading as well as conflict of interest trades. Not to mention the unfair advantage an employee could have by using expensive data feeds from the bank.
- chernevik 5y agoBanks and funds have compliance departments which track which companies are clients/positions. You _might_ create a similar apparatus for Congress, but tracking which companies are subject to a particular law would be complicated and error-prone. Better to limit them to general positions like ETFs and mutual funds, as others have suggested.
- davidhyde 5y agoYes, I like that. EFTs, disconnected. Awesome.