I have recently accepted DE role in tech consulting at EY. Should I expect the company will ristrict me in future to buy public companies stocks? I have some previously bought stocks, do I have to sell those as well? TC: 100k #personalfinance #investments #techconsulting
Yes they will make you sell any prohibited equities and monitor your investments actively to ensure you don’t make any new investments in restricted entities
Family member works at EY and told me a story of a woman who was due to make partner and they did a deep dive on her investments. Found out she bought some restricted stock a while back and they fired her
@Cisco she didn't sell them before making partner? Or how did they find out? I wanted to invest in a physical gold fund but even that is prohibited (which is a joke to me but I guess they audit the company holding the gold or the vault operator or some shit) so I was thinking in dismissing it and going ahead anyway. Keen to know how they found out
Yes - you will need to report all investments. If you own considerable stock (or your significant other does) you might want to take that into account before you start.
You can report that you are using RH or similar tools that are not in their ‘Restricted’ list. They ask if your brokerage account is exceeding the SIPC insured limit. If your account does not exceed that limit, there is no restrictions on the trades you do. The SIPC limit is $500k.
Not true. You are still not supposed to own sticks that are restricted in accounts like RH and report all trades.
You still need to report the stocks you own. There are restrictions on what you can buy. The fact that RH doesn't feed into auto broker feed, doesn't mean you can buy and sell stocks with no restrictions. Independence will get caught up and you will get in trouble.
What is DE? I am in a similar situation as you. Considering an offer in EY tech consulting
Data Engineer