I work for a tech company that is owned by a publicly-traded firm that belongs to the financial services sector. This bigger entity has a compliance policy wherein they are requiring us to disclose our personal trading account to stop us from day trading, or holding stocks within financial sector, etc.
What are the consequences if an employee does not disclose their brokerage account? The tech company employees do not have access to material, non-public information, so even if we trade individual securities or derivatives of those, it doesn't qualify as "insider trading" because we don't get any "insider info" at all, but they are saying that we all have to comply to the same strict rules.
what are the consequences if some employees simply don't disclose this information? Neither the tech firm or financial services firm seem to be regulated by FINRA (neither is a brokerage or an investment adviser).
Submitted May 20, 2020 at 06:07PM by asst2dRegionalMgr https://ift.tt/3e2isCy
