firms that don’t restrict employee trading?
kind of a random question, but does every single firm really restrict employee training to the point where they have to hold for 30+ days and get pre approval? Obviously won’t be a factor in accepting a job from a company, but just wondering if every single company that does trading does this? Also wondering, are these rules set by the government, or are they just rules set by firms who are scared their employees would take their job less seriously if they could trade with their own accounts during work and whatnot. Thanks.
Not every firm requires this although I think it would be common at firms where employees frontrunning the company is a possibility. In HFT individuals can't trade in a similar style out of personal accounts so this is less of a concern. I believe it is required at every firm to disclose trades/statements and get firm approval to open personal trading accounts (FINRA rule 3210).
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