Compliance Question - Stock Market
If you were to ordinarily receive approval from compliance to purchase a specific security, but you happen to look it up on a database like CapIQ, would you still be able to receive approval to trade it?
For example: If I always get approval to purchase Apple stock, but I look up analyst reports (or something trivial like just the company profile) on an investment database, would it be an issue?
Not thinking of doing something like this intentionally, just curious.
Why would that matter?
1 - Pure curiosity
2 - It seems like this would be something you could get into trouble for… but I have no idea
You have no idea indeed
Are you under the impression that CapIQ data is somehow like MNPI or something? It isn't. It's public data. Otherwise that would imply that every hedge fund is insider trading.
Additionally once ER reports are widely disseminated, they're considered public data in the eyes of the regulator.
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