Can my company know that I’m trading stock outside our trading window?
My company has a policy that no one can trade stock outside our trading window for insider trading purposes. Let me be clear, I have no insider info, I just think our stock would be a good investment, but for all I know after earnings our stock might go down. I’m thinking there is no way that anyone can know that I’m making trades in my personal brokerage account. Is there some type of reporting that brokerage houses have to do that I’m unaware of or how do companies expect to ever act on their trading window policies? Edit: FYI I’m not going to be making any trades. I don’t really stand to gain anything to balance out any level of risk. I had kinda assumed there was no real risk because I don’t have any idea if the stock is going up more than you do and assumed I’m not an insider, but maybe there is some risk. I’ll do some more info for my own curiosity but not going to do anything against policy.
No it’s not - insider trading is to trade on information not publicly known.
He's a Designated Insider. Legal and external auditors have concluded that his job function and access to information implies knowledge of material nonpublic information regardless of specific motivations for specific trades. tl:dr OP is being dumb and so are you.
You realise most companies bar -all- employees from trading. A designated insider is very different to the bloke in the mail room. It’s not insider trading to trade, it’s against policy.
By definition of working on company products or services you are an insider. Do not break the law for a small gain.
That’s a pretty course definition
I’ve worked on other companies services and never had a trading window applied to me or had any concern over insider trading.
The SEC has a literal excel sheet list of everyone in your HQ at least. They monitor account names and I assume socials, if you trade they will know. If you don’t believe me ask your SEC rep onsite. They’re usually in the accounting department. If you’re an IT SWE labeled as privileged information professional (or something to that effect) they monitor you even more. They will fkkkkk you no lube.
Both my company and the stock trading firm know my SSN. I think sending an notification to the company when it happens a very straightforward feature to add. But I don't know if they really do it or not. BTW, you are legally required to obey company policies. And the emploeyeement is at will. So the company can fire you if they see your action as an insider trading. (that said, you can argue with their decision, with your lawyer)
I have disclosed my brokerage accounts to employer. They get a copy of my statements. At least that's what the compliance have told me!
Morgan stanley knows if I trade with an outside brokerage account.
It’s not the company you should worry about but the government.
They know now..
You can end up going to jail.
The SEC is a thing.
Me Making this trade wouldn’t violate any insider trading laws. It would only violate the company policy, which I’m sure the SEC is not spending its time helping with.
Violating that policy is by definition insider trading.