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re: Why Am I Supposed To Care If Some Athlete Gambles
Posted on 3/27/24 at 1:04 pm to lsupride87
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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