Hi all - In a recent interview with a firm that manages mutual funds, I was informed that their employees are required to report all of their personal portfolios to the company each month. Additionally, the company must approve any buying/selling that you would like to do in your personal account. This applies to all securities, not just those that pose a conflict of interest to the firm. Has anyone ever run into this before? I'm currently working in corporate finance, where there are only limitations on trading the company's own stock, so this is new to me. Curious if this is a fairly standard policy. Any insights would be helpful!
Nov 24, 2020Nov 24, 2020
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Comments (6)
This is pretty standard. Firms need to avoid the optics of putting employees before clients for anyone involved in the investment decision process.
It's the norm, both in buy-side and in sell-side research.
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A very standard compliance practice (fiduciary duty). It mostly applies to individual stocks; if you invest in mutual funds, for example, there is usually no need to report.
Yep standard practice. Fortunately my firm has access to my trading accounts so I dont have to provide any info.
Standard practice
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