Any advice on this would be welcomed. I have a decent amount if money in a TD account that I have managed myself for a few years. I'm starting training on Monday and I know it gets sticky when you try to trade as an employee of an investment bank. Should I just sell it all before the bell this afternoon? How much of a pain is it to get approved to sell stocks once I'm working?
I'm ahead in all of my positions and don't even manage it actively anymore. Any thoughts?
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My suggestion is to sell it unless you think it will grow exponentially for whatever reason in the near future. It is a pain to get approval. Also, God forbid that you have anything in your account that is currently on the restricted list - if so, you're in for a round of fun.
Compliance is a bitch.
How hard is it to take a position in a company once you've begun working for an IB?
That depends, has anyone in the history of man ever seen its ticker before?
Yes, it is a bitch and a half buying and selling securities while at an IB. I would put it all in ETFs before you start
It depends on where you work but in most cases it is a pain, aside from the firm's blacklist you may have other restrictions like 1 month minimum hold time for any position. I worked for one place that restricted me from trading ETFs or any other financial firm's stock.
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