Firm Policy - Getting out of Stocks
My firm / compliance has a hold period when you buy stocks. Problem is one of my stocks is going to get hammered on Monday and I haven’t held long enough. I have a large position. If I sell early, what are the possible ramifications? Slap on the wrist or could I lose my job?
buump
Is the immediate loss >= the income you would receive for 2 months from job?
Comparable but why is this relevant
Christ, what shop are you with? I want to know who I need to short for hiring retards.
Shoot an email to compliance ASAP asking them for dispensation over the holding period in order to sell given the unusual state of the markets. If they say yes, sell. If they don't, then say just hold it. I'm sure they are getting questions like this from other folks too, so just get it out to them now and be able to move in the next day or few.
Don’t do anything until you have compliance approval. You’re being too short term focused.
As others have said listen to compliance. And most likely compliance is going to say you must adhere to policy. And most likely if you don’t listen to them you will get fired.
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