Could I lose an IB return offer if between the time I complete summer analyst and begin full time, if I start and sell a small tech company?

Could I lose an IB return offer if between the time I complete summer analyst and begin full time, if I start and sell a small tech company? Might be a conflict of interest or something or draw negative attention to the firm.

Also, I know certain jobs require you to not own any shares or stocks in companies, could I give my shares or stocks to a family member to satisfy this requirement?

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There's nothing wrong with having your own company, whether you're working in IB or not. You simply have to request permission for it.

No, giving your shares to your family in order to circumvent compliance rules designed to prevent insider trading and market manipulation is pretty similar conceptually to telling your mum to buy the stock of the deal you're working on. 

But generally, (and you should read your own compliance bylaws) there is no rule against holding *all* stocks (otherwise this would mean bankers pretty much couldn't invest). There will be rules against holding specific stocks and probably holding periods too.

 

Based on previous WSO threads, here are some insights:

  1. Losing an IB Return Offer Due to Starting and Selling a Small Tech Company:

    • There isn't a direct mention of losing a return offer due to starting and selling a small tech company. However, it's important to consider potential conflicts of interest and how it might be perceived by the firm. If the tech company operates in a space that could conflict with the bank's interests or if it draws significant attention, it could potentially raise concerns. It's advisable to communicate transparently with your firm about your entrepreneurial activities to avoid any misunderstandings.
  2. Transferring Shares or Stocks to a Family Member:

    • The context does not provide specific information about transferring shares or stocks to a family member to satisfy job requirements. However, in general, many firms have strict compliance rules regarding ownership of shares and stocks to prevent conflicts of interest. It's best to consult with your firm's compliance department to understand the specific policies and ensure that any actions you take are in line with their regulations.

For more detailed advice, it would be beneficial to discuss these concerns directly with your firm's HR or compliance department to get guidance tailored to your specific situation.

Sources: S&T Summer Analyst Lateral to IB FT?, Reconsidering banking after receiving offer... help?, Should I Slow Down?, https://www.wallstreetoasis.com/forum/investment-banking/m7-ib-associate-full-time-recruiting?customgpt=1, Turing down IB FT offer to run my startup?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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