Inten here, do I need to disclose my stock holdings

Revive2020's picture
Rank: Baboon | 114

Hey there,

I will be a summer intern at a BB.

Do I need to disclose all my stock holdings and can I still trade on the side?

I know I might sound ridiculous but would like to clarify?

Comments (7)

  • Intern in IB - Gen
May 23, 2020

I believe you do as part of compliance. I've had to disclose my investments at previous internships.

    • 1
May 23, 2020

Yes and be prepared to move to an approved brokerage if asked. Trading is firm dependent but limited (minimum hold times, approval of every trade)

Array

    • 1
  • Intern in IB-M&A
May 23, 2020

Consider putting everything into an s&p etf. Sure you can get trades approved and everything, but is it worth the risk bro? You prob wont even have much time to intelligently actively trade much

    • 1
  • Prospect in IB - Gen
May 23, 2020

Do SPY options need to be approved? Just wondering because I heard you can freely trade ETFs.

May 23, 2020

Disclose + do not trade. Better safe than sorry regarding insider trading

    • 1
May 23, 2020

wow hahah lol okay won't trade

May 23, 2020
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