Personal trading restrictions in real estate field?
Hi guys - I am wondering what does personal trading restriction policies look like for people working in real estate companies? I currently work in commercial banking in a big bank and am sick of all the restrictions on me (and on my future partner)
Currently an acquisition analyst and asset manager for a cre fund, and its no different here than it is there. Need permission for everything but crypto.
Thanks for your reply! May I ask is it a public or private cre fund please?
Private
Restrictions from some stocks and need to hold a stock at least 30 days before selling. It sucks and is frustrating.
Thanks - so “some stocks” instead of “all stocks” are restricted? What are the types of restricted stocks please? If they don’t allow REITs I can understand but I don’t see how other corporate stocks could be restricted
I work at a larger bank as well and we have restrictions, and they are very annoying. We have to clear every trade and if we don't, or trade a particular stock they deny us, we face financial penalties and potentially losing our job, apparently. There are certain stocks that I've requested approval for 4-5 times throughout this year that always get denied, but other companies in their sector don't. I'm guessing this may be because the bank advises that client, but am not sure. I also get no response at all from compliance teams when they ask, which is really annoying.
I accidentally bought a particular airline stock during the pandemic after they denied the trade request, think I got it confused or something because they OK'd a competitor stock, and they actually threatened to make me ineligible for a portion of my variable comp. Seemed pretty ridiculous to me but they mean business
It's super frustrating because I have absolutely no overlap with equities or private client type arrangements, can't even see into those systems. I've lost out on a good amount of potential trades because of it, but have learned to not check in on trades I wanted to make but couldn't, for that reason. It is what it is
Do you mean your future partner (Gf/bf?) is also restricted, or that if/when you're married, they will be? I assume the latter.. The former doesn't seem legal to me
Very helpful thank you
I am not allowed to buy any individual REIT stock at my current firm.
Thanks- what about non-REIT stocks?
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