trading restrictions

[zdreg]

As mentioned above ,it varies .I'm sure the answer is in the Code of Ethical Business Conduct,he should read it.

That being said, my old job own "Code of Ethical Business Conduct" wasn't clear cut and I could never get a straight answer . Plus nobody wanted to attach their name to the answer to my questions regarding the companies "Code of Ethical Business Conduct"

Make sure your friend is 100% sure of his company policy ,it could cost him/her their job. I would get it in writing.

while your remark is generally true, it seems that specific non-allowable practices on the floor would be in writing.

 

[ThunderThor]

while your remark is generally true, it seems that specific non-allowable practices on the floor would be in writing.

My gist is,don't take any co-workers word for it. In other words,get it in writing which "Code of Ethical Business Conduct" is and make sure it's clear cut and NOT AMBIGUOUS !

 

[zdreg]

My gist is,don't take any co-workers word for it. In other words,get it in writing which "Code of Ethical Business Conduct" is and make sure it's clear cut and NOT AMBIGUOUS !

codes of ethical business conduct are written by lawyers. ambiguity is a major tool of their trade.

 

[ThunderThor]

codes of ethical business conduct are written by lawyers. ambiguity is a major tool of their trade.

Excellent point and so very true .

 

[zdreg]

Excellent point and so very true .

. ambiguity is a major tool of their trade.

considering that this website is ET I should have written that ambiguity is their stock in trade.

 

[beerntrading]

codes of ethical business conduct are written by lawyers. ambiguity is a major tool of their trade.

This is very true. I see maybe a dozen contacts a week at work...many written by attorneys, many written in common language by ordinary people. I have never seen a common language contact litigated, and the reason is they're so clear cut, during an insurance claim it's just establish the facts and settle (or deny) the claim. The one denial that was litigated was dismissed in a summary judgement (because the facts were not in dispute and the contract terms were clear).

Now, what attorney is going to write himself out of a settlement process like that when there's reams of contacts with a litany of terms that could be disputed and hours to bill?

I like to tell people my job is to make sure we don't pay attorneys (and quite satisfying in that respect).

 

[sandeepvermaf123]

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