Context: Meta uses Schwab as their stock broker and it's against the company policy to short their stocks. A friend / coworker of mine at Meta claims that he shorts the stocks form his TD Ameritrade account and therefore the company won't be able to catch him. How true that statement is and should I consider reporting him? #meta #stock #investments
Lol your friend is an idiot.
Meta doesn't allow any employees to hold any positions other than long. However, that's a company policy. That doesn't make it a law. If your friend is shorting because he has inside information, that's illegal. If your friend is shorting because he doesn't want exposure to Meta or is trying to hedge his RSUs, he's breaking the company policy, but he may not be doing anything illegal.
Yeah I know they can't put him into jail for that, but certainly they can fire him of they find out.
Why would you report him? He is not breaking the law (assuming he is not acting on insider info). Companies limiting their employees’ investment choices is not right, IMHO.
Reporting? Great friend you are lol.
Tech workers love this promo technique
If company wants they can catch him, but companies don't go after small fish.
The real question is why they are shorting the stock of the company they work at. If they don't believe in the company's mission and product, they should find a new job.
Do you always agree with the decisions made by your company?
I don't always agree with my company. But shorting the stock is literally hoping the company fails so I can make a profit. At best, the optics are not very good. At worst, it makes one look like a potential saboteur.
I would not report “friend” if he is not negatively impacting me. Will reporting him lead to a benefit for you?
I’m sure they can find out through his ssn