Owning privately-held stocks?

Delta Storm's picture
Rank: Orangutan | banana points 317

My friend is entering a start-up idea into an accelerator and wants to list me as an advisor on the application. Part of this process requires allocating some equity to me. I know that all banks have strict policies on their employees owning any individual stocks (I work at a BB), but since this start-up hasn't even fully taken off and the stock wouldn't be public, would this cause any compliance issues?

I'm only considering it because I'd like to keep my options open.

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May 12, 2015