Just joined a Wall Street firm. Before that at my previous job (non-finance), I used to day-trade index futures and FAANG stocks — activities which I thought would be banned for investment bank employees.
Surprisingly, my firm’s compliance policy actually allows for day-trading of index futures without the need to seek preclearance and without the need to hold for 60 days (but not FAANG stocks). Am I reading it right? Is the allowance to day trade index futures common across most investment banks?
Submitted May 04, 2021 at 06:46AM by ikissedtaylorswift https://ift.tt/3uizaGp
