Hey! Currently am thinking about signing an offer with JPM and wanted to know if my accounts in Wealthfront / Charles Schwab / Vanguard are fine or will I have to move everything? #JPM #JPMorgan
u hv to declare all ur holdings and hv a minimum holding period of 1 month, i guess this is same for all trading related positions including the whole CIB and AWM as well of as some other ones.
Quick question. Is Software Engineer II on linked equivalent to 601 or 602?
They recently changed levels, 601 is SWE II
They have designated brokers. Vanguard and Schwab are fine. Wealthfront is not
I don't have any stocks in Wealthfront. Would Wealthfront be fine to just hold money in a High-yield savings account?
A bank account does not have to be declared. Any account that can execute trades has to be. Depending on the team and where it sits in the organization tree, manager approval could be required for every trade. They have 30 day holding for stocks. Often I ran into approval denials as the stocks were on restricted list
Approval will be required for all buy or sell on your trading account. Declaring all your trading accounts and also close all those that are not allowed by the bank. Same rules applies to anyone you are living with under same roof
Thanks! Hopefully, it doesn't apply to my room mate.
It depends on the Lob you're joining. I'm in CIB so I have to preclear all stock/ETF purchases through an internal tool. I'm not allowed to sell the stock until 30 days. Some LOBs do not have any such restrictions though.
This is correct. Eg CCB (consumer bank) doesn't have this restriction at all.
Ask Blinders
Yesterday
766
Why is our country owned by Israel? I don't want my tax dollars fund genocide. How can we stop this nonsense?
Tech Industry
Yesterday
420
Bitcoin is the only possible future
Tech Industry
Yesterday
3004
1 vs 5 Million - no lifestyle change
India
3h
431
What do vegetarian Indians eat for protein?
Tech Industry
Yesterday
1856
NW required for "fuck you money"
Are you trying to circumvent laws? That’s a bad idea
No. I haven't joined yet. Was wondering if I had to move all of my stocks to a different place or if I was able to trade at all lol