tag:blogger.com,1999:blog-2735156875003807041.post8256723798151908529..comments2023-07-24T03:09:17.396-07:00Comments on Money Honey SF: Trading compliance checklistMoney Honey SFhttp://www.blogger.com/profile/07844408936074426085noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2735156875003807041.post-24869334669811711702010-03-11T19:30:29.774-08:002010-03-11T19:30:29.774-08:00I hate those compliance meeting! We are quizzed o...I hate those compliance meeting! We are quizzed on it too. Talk about a pain...<br /><br />I'm a techie, but I work for a financial firm...Money Reasonshttp://www.moneyreasons.comnoreply@blogger.comtag:blogger.com,1999:blog-2735156875003807041.post-79509142333069365992010-03-11T18:44:52.099-08:002010-03-11T18:44:52.099-08:00When I worked in finance I had those restrictions ...When I worked in finance I had those restrictions as well. Firms take insider trading very seriously (as they should). There were "black lists" of companies that are absolutely prohibited (i.e. clients you're working on) and also "gray lists" of companies where special approval had to be obtained before any trading can take place.WellHeeledBloghttp://wellheeledblog.comnoreply@blogger.comtag:blogger.com,1999:blog-2735156875003807041.post-85633978667101767382010-03-11T16:31:21.419-08:002010-03-11T16:31:21.419-08:00SeeJaneGetRich - Interesting that your firm is bas...SeeJaneGetRich - Interesting that your firm is based on client type and not security type. I can see why since you work in the law field and have many different types of client base.Money Honey SFhttps://www.blogger.com/profile/07844408936074426085noreply@blogger.comtag:blogger.com,1999:blog-2735156875003807041.post-23477641177603776622010-03-11T15:26:24.022-08:002010-03-11T15:26:24.022-08:00The firm's that I worked for had some restrict...The firm's that I worked for had some restrictions on trading based on the type of clients that the firm had. The SEC rules on employees is beyond ridiculous but that's a risk with working in the industry.SeeJaneGetRichhttp://www.seejanegetrich.comnoreply@blogger.comtag:blogger.com,1999:blog-2735156875003807041.post-27355023943703880422010-03-10T13:29:54.005-08:002010-03-10T13:29:54.005-08:00Investing Newbie - The second one is ridiculous in...Investing Newbie - The second one is ridiculous indeed. How can you time a profit by holding an asset longer than 90 days. Good luck to your BF. If he's a day trader, he might need to limit his trading to a certain number of trades a year as well. Is this a summer intern job or full time? If it's a summer internship then I'm not sure if the full time employee rule applies to him. I use to trade avidly but since all these regulations were enforced, my account is now closed.Money Honey SFhttps://www.blogger.com/profile/07844408936074426085noreply@blogger.comtag:blogger.com,1999:blog-2735156875003807041.post-48388723995548386492010-03-10T10:59:07.178-08:002010-03-10T10:59:07.178-08:00I've heard that they are pretty stringent abou...I've heard that they are pretty stringent about those rules, but I didn't know about the 2nd one! That's ridiculous. Well, BF is going to work for one of the big banks this summer and he currently is a self-proclaimed day trader. I'll be raining on that parade with this post!Investing Newbiehttp://investingnewbie.wordpress.comnoreply@blogger.com