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So anyone with S&P 500 index funds in their retirement account can never work for any company you could consider a competitor to any of the 500?
by BobaFloutist 1y ago
So anyone with S&P 500 index funds in their retirement account can never work for any company you could consider a competitor to any of the 500?
- Spooky23 1y agoSome employees may have contracts that have ethical clauses for outside activity. The person in this case worked for the US Government, and is subject to ethics laws and agency policy. In most cases, a mutual fund isn’t an ethical issue for most roles - although in a more normal time some elected officials would put investments in blind trusts to ensure there wasn’t an appearance of corruption. Owning a portion of a private company run by your spouse whose principal activity is directly opposed to those to whom you serve at the pleasure of is going to be a problem. If you fail to report it, you’re going to get fired.