Is it possible for my employer to find my personal futures account

Quote from MandelbrotSet:

You guys are missing the point.

If his company has half-a-fragging brain in its Legal and Compliance Department, he can't trade anything.

Get it? :confused:

It's all the same to them. He's at risk for trading using inside information regardless of the individual security, type of security or amount of leverage involved in the transaction.
More...

It depends on the precise wording of the agreement. For example, some futures brokers claim their employees don't trade futures so there is no conflict of interest. But Rydex & the others are leveraged, but are not futures.
 
Quote from vikana:

That will list any brokerage account you have. Likewise, your broker will report your account to the credit agencies.
More...

brokerage accounts do not appear on credit reports. i dunno where you go this idea from?

i've been running my credit report for 15 years, and thoughout that time i've had multiple brokerage accounts and NONE has ever shown up.

and if you have a cash account at a brokerage, there is no reason whatsoever for the account to appear on a credit report since they aren't extending you credit
 
Quote from ElCubano:

they wont find out. You will have to lie on your account form though. If you are trading on inside info you will most definitely get caught..but since u arent
More...

A prior posted mentioned ETFs... iPath has all the futures based ETFs you would ever want....

http://www.ipathetn.com/product-information.jsp

Track iPath ETF - Daily, Weeky, Monthly performance here
http://www.mtrig.com/MarketView.aspx

iPath-MTRIG.jpg
 
I work for a company that services biotechs. We are not allowed to own stock in our clients. One client, who claims their stock price was manipulated, has asked the SEC to investigate. We have been informed, by my company, that, at SEC's request, my company has given the names, addresses and social security numbers of all employees to the SEC. All the SEC has to do is cross check with the IRS, and they will know what kinds of accounts we have. I'm fairly certain no one at my company is violating the rules. Perhaps the SEC is just putting on a show and is not even doing anything. But it's something for you to contemplate.
 
I understand your urges deep inside for trading.

Here is a solution for you.

You can always trade a DEMO account. Trade with it, make your strategy perfect, write an automation, whatever.

By the time you are ready, quit your job. Then do a real trade using your perfect strategy to support your living.

This way you wont jeopardize your job while learning to be the 15% successful futures trader.
 
You must log in or register to reply here.
Back
Top