Are you allowed to trade stocks after you've been an SA?

I just finished my SA stint at a BB. I know BBs have compliance rules about opening up these type of accounts (Scottrade, TD Ameritrade, etc..)

I finished my internship, so am I allowed to open up one of these accounts? Is there a certain time period that I must wait until I am allowed to do so? I received an offer, so if I come back, I dont want any issues.

Region
5 Comments
 
Best Response
Cartwrightyes, you can do whatever you want. You are not employed. You are not a registered person with FINRA. Once you start full time though, you may have to liquidate certain positions or change brokerages depending on firm policy.
This is the right answer. One thing you might consider if you plan on holding positions open through your employment next year is opening a bunch of long term positions your senior year (most likely ETF's and solid blue chip dividend stocks or whatever) through a discount broker, since when you return for FT, it's quite likely you will have to switch to a specified broker, and these usually aren't cheap at all. This way, you'll be able to open up an account and take some positions for cheap, and then transfer them over for free (might wanna check with your firm about whether transfers are free or not, but they should be.)
 

Et non est nulla qui non quisquam. Et iure et quam qui voluptates aut incidunt voluptatem. Dolor eos illo iusto illo. Iste enim perferendis repudiandae.

Minima id ipsum rerum odio qui blanditiis hic. Accusamus quidem magnam repellendus sequi adipisci aut ipsam. Vel odit harum officia voluptates itaque recusandae.

Reprehenderit quae laborum nihil quia nulla reprehenderit. Impedit aut modi blanditiis et ut magni qui. Aut dolor nemo architecto labore facere placeat est. Explicabo dolores eum est aut aspernatur autem aut.

Sit sed error quos libero aspernatur delectus quasi. Qui et officia eum. Veniam vero consequatur necessitatibus amet cum consequatur. Quia necessitatibus eos laudantium nihil.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”