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re: Call the bottom on JPM

Posted on 5/15/12 at 10:30 am to
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 5/15/12 at 10:30 am to
quote:

Just curious, your employer doesn't consider it a conflict of interest for you to purchase stock in another bank? Years ago when I worked for a bank, if we bought or owned stock in a direct competitor we had to fill out a form disclosing that fact. And sometimes the person was told it was a no-no and he should sell, especially if the person was in senior management.


They have never told me anything about it. I don't currently have to disclose any of my trades to my bank, but that may be changing soon (hopeuflly). Even then, it would just be for SEC compliance.

My bank is really laid back about all things related to the stock market. They give a 15% discount on complany stock purchased with up to 15% of my paycheck and there is no lockup period. I buy the max amount every month and turn right around and sell it.
Posted by whodatigahbait
Uptown
Member since Oct 2007
1758 posts
Posted on 5/15/12 at 12:00 pm to
quote:

They have never told me anything about it. I don't currently have to disclose any of my trades to my bank, but that may be changing soon (hopeuflly). Even then, it would just be for SEC compliance.


switching from the commercial side to investment side?
Posted by Chris Farley
Regulating
Member since Sep 2009
4180 posts
Posted on 5/15/12 at 3:01 pm to
quote:

My bank is really laid back about all things related to the stock market. They give a 15% discount on complany stock purchased with up to 15% of my paycheck and there is no lockup period. I buy the max amount every month and turn right around and sell it.


My firm(not a bank) won't let us trade any individual securities, only mutual funds and ETFs. Only way I could buy a stock was if I made a written and oral plea to our president explaining that there was no client conflict. But that just doesn't seem worth it to me unless I'm going to invest a good amount of money...that I don't have.
Posted by Quidam65
Q Continuum
Member since Jun 2010
19317 posts
Posted on 5/20/12 at 3:35 pm to
quote:

They have never told me anything about it.


You'd better read up on your policies quickly. If your employer found out they could fire you on the spot and a court would probably rule against you on the basis that you were presumed to know what the policies were on that.
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