From those of you who have jobs at banks, wondering what you had to do with your assets? Someone recently mentioned to me that they have to move all of their accounts (even 401k) to either the bank, or a bank-approved account. All trades had to be pre-approved two weeks in advance, etc.
Wondering what your experience has been?
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Mutual funds can stay where they are.
Any account that involves trading individual stocks, however, must go to a designated broker. 9/10 this is Fidelity or your own firm. HR will tell you on the first day.
Trades require pre-approval and typically a holding period, but only need five minutes of advance notice.
Thanks for the info Illini.
You can't take advantage of the information you have...that's all
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