I kinda dont get your question, if you work in a company and in a day trade floor, you create an account under the company with of course their fund to invest the market and share the risk and margin. you can create you personal account, with your own fund, own risk and everything. its your personal act, I dont they care or they are responsible for it.
Can you company find out if you did not disclose a personal trading account
- Thread starter RGLD
- Start date
You'll need to disclose it to both your broker and employer. They will need duplicate trade confirmations and some firms simply will prohibit it. Do it in a spousal name you'll still need to let them both know.
Don't ask what the remedies are - ask yourself why do it.
Could be career suicide and depending on the circumstances could rise past a regulatory violation to a civil or criminal offense.
The b/d or fcm will have an annual regulatory audit and generally confirms are sent to a cross-section of accounts.
Don't ask what the remedies are - ask yourself why do it.
Could be career suicide and depending on the circumstances could rise past a regulatory violation to a civil or criminal offense.
The b/d or fcm will have an annual regulatory audit and generally confirms are sent to a cross-section of accounts.
And if you tell you broker not to? Or just don't mention it at all?
Hi guys,
I have no idea what is being discussed here and the topic raised by the OP (although I am gathering some idea reading the thread - since I was not at all aware of such requirements, I am a bit confused as to what exactly this is). Could you please help me understand what this is about ?
Is it like for anyone that has any job, they are required to tell their employer about any trading that they do in their private space ?
OR
Is it like if you work for specific company type then you need to let them know ?
OR
Is it only if buy or sell shares of a company that you work for then you need to disclose ?
I assume there would be millions simply trading on their own while also working correct ? Would all of them have to disclose that they are trading ?
Thank you
I have no idea what is being discussed here and the topic raised by the OP (although I am gathering some idea reading the thread - since I was not at all aware of such requirements, I am a bit confused as to what exactly this is). Could you please help me understand what this is about ?
Is it like for anyone that has any job, they are required to tell their employer about any trading that they do in their private space ?
OR
Is it like if you work for specific company type then you need to let them know ?
OR
Is it only if buy or sell shares of a company that you work for then you need to disclose ?
I assume there would be millions simply trading on their own while also working correct ? Would all of them have to disclose that they are trading ?
Thank you
They made everyone sign a form affirming company-approved behavior or that you have no accounts that could trade anything but open-ended mutual funds.
And the rules applied to everyone in your immediate family (spouse, parents, children and/or other dependents)!
If you didn't give your broker permission, I assume the broker wouldn't send your private info to your employer.
