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re: Why Am I Supposed To Care If Some Athlete Gambles
Posted on 3/27/24 at 8:48 am to TROLA
Posted on 3/27/24 at 8:48 am to TROLA
quote:Yep. As a CPA, if you are in public accounting you are not going to be able to hold stock in certain companies based on your firms involvement. I see this very similar
Most jobs, especially high paying jobs have reasonable rules that most be adhered to and This isn’t an unreasonable ask of players
2
Posted on 3/27/24 at 11:50 am to lsupride87
quote:
Most jobs, especially high paying jobs have reasonable rules that most be adhered to and This isn’t an unreasonable ask of players
Yep. As a CPA, if you are in public accounting you are not going to be able to hold stock in certain companies based on your firms involvement. I see this very similar
A player betting on their sport is pretty much the same as insider trading and shouldn't be allowed for the same reasons.
Posted on 3/27/24 at 1:04 pm to lsupride87
quote:
As a CPA, if you are in public accounting you are not going to be able to hold stock in certain companies based on your firms involvement. I see this very similar
I compared it to FINRA rule 5130, where there are restrictions to purchasing IPOs when working for a broker-dealer. You may not have inside knowledge, but it could appear that way so you don’t do it.
People can try and get around it, but punishments are severe. I feel like sports gambling is the same way. You can try and do it, but you should be punished if caught.
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