Reporting personal portfolios to firm

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! 

Comments (6)

 
Nov 25, 2020 - 10:25am

It's the norm, both in buy-side and in sell-side research.

Follow me on Instagram: @dickthesellsider

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