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?

8 Comments
 

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.

 

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