Insider Trading at satellite office
I did an internship in a satellite office of an EB. There I had access to information from other offices as well (their current deals), would anyone find out if I used my parents account to trade on our clients from other offices (Assuming I'm not using an option where I could make a massive gain, just a few thousand dollars).
Does anyone have insight on using information from friends who work at satellite offices from other firms? E.g. they share information from their NYC office with me, which I can use with my parent's account?
Obviously this is only a rhetorical question
EDIT: I'm referring to a satellite office in Continental europe, therefore the SEC shouldn't have any power.
Asking questions like these is what gets you landed at a satellite office
But hey, shooters shoot. Let us know how that RBC kid is doing when you meet him for sloppy joe in the cafeteria
Can't hurt to try! Be sure you give a shoutout to WSO when the SEC comes knocking so we know who you are.
"Obviously this is only a rhetorical question"
Sureeeeee buddy
I wonder if the SEC checks wso
People like this getting hired into finance is a definite #RecessionIndicator
Things like this tend to be a slippery slope. Once you make a couple thousand dollars...you don't tend to stop and then the SEC will show up at your front door with a very large butt plug.
I'm referring to satellite offices in continental Europe. I know for certain a bank that allows their Europeans to access the American files. Trading American stocks from Europe shouldnt have that many legal consequences, right?
The SEC has, and will, come after offshore insider trading with offshore accounts by foreign nationals concerning US companies traded on US exchanges. Further, they have, and will, come after someone even if they used a family member's account to do the trades once they figure it out. There are plenty of enforcement actions/cases by the SEC with a similar scenario to the one you are describing - you can easily look up online.
Additionally, if you were an intern/employee at the place you plan to use the inside information from, you very likely signed some sort of NDA which would cover this issue as well.
Might I suggest you try harder at your job for a better pay/bonus instead of asking a public forum how to violate securities laws in order to only make "a few thousand dollars" - if you were truly a "Europe Target" you wouldn't have to resort to insider trading to make money.
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