NYC or US Personal Trading Restrictions for Investment Banking

I'm currently in Investment Banking at one of the big 5 banks here in Canada and I've been wanting to move to the states. One big hurdle for me are the trading restrictions. Where I'm at, I can sell naked options on single-name stocks like Apple or Tesla and can also buy single name stocks. I heard at Citi and bulge bracket you can't sell options or even buy individual stocks the only thing you can do is long only index funds.

My question:

  1. Which investment banks in US can I still sell put/call options on single name stocks like Amazon through pre-clearance?
  2. Which investment banks in US can i still buy single name securities after pre-clearing?
    The reason why I'm asking this is because I make additional 2k per month just selling options and I like trading as a hobby because it just makes my day more exciting.
    Please I would like to know if my questions can be answered by anybody.

Thank you in advance because I really want to work in the USA at some point but I would like to move to an investment bank where I can still trade options as a hobby. I can't give that up.

 

Et libero debitis itaque dicta ex et cupiditate blanditiis. Molestiae suscipit sequi sint et eius. Odio rerum ducimus quo id blanditiis.

Id voluptas sed doloribus commodi. Voluptatem ut voluptatem adipisci inventore. Distinctio dolor ducimus similique qui porro consequatur. Voluptatum placeat earum quae ut expedita in qui. Soluta sit quo natus eius mollitia quo.

Quod sunt architecto omnis temporibus. Nesciunt nesciunt temporibus asperiores nam aut. Atque vero ut ea. Natus illo quo dolore delectus non. A eum natus qui nisi nostrum aut dignissimos.

Alias corrupti consequatur quaerat aut eaque. Molestiae fuga nesciunt quo ad. At deleniti sit molestiae quas quia.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
DrApeman's picture
DrApeman
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”