Is it really to be disclosed all brokerage name and investment details for financial employer?
What if we don't. Any way if they can find that out?
And the answer is no, no it is not
Racist shit
Yes, of course they can find out. Don't get clever
If they already know then why are they asking? Just like IRS.
Yes, mostly to satisfy regulatory requirements.
They will find out, and you can get in a lot of trouble if you don’t disclose them intentionally. They have to monitor all employee trades for insider trading and restricted securities. You have to pre-clear ALL personal self-directed trades, buy or sell, with compliance. I don’t think you have to disclosed separately managed accounts, as you are not making your own investment decisions, but you should reach out to compliance regardless.
Google bill tsai
🤣
Depending on the firm and business unit, index funds MIGHT be okay without Preclearance. Advise to read the fine print or check with compliance. Also edge cases, I.e might not be allowed to short, puts, etc.
Yeah. If you are not finra it can be a simple restriction like no inside trading, short sell. And transaction reports quarterly
Broker may ask you for employer name, like Vanguard did in my case. And they simply denied opening an account without approval letter from compliance team. Weirdest experience. Fidelity can push data automatically as well. There are automatic feeds between financial institutions as I understand
Lol Chase does not allow employees to have a Robinhood account so i’ll “have” to close it. But in order to close it, you have to sell everything or transfer. To sell them, you have to put in preclearance for everything. To get preclearance, you have to have your shares at least 30 days to get cleared and manager approval and sell it on the same day you get the clearance.
Yeah ML performs a sweep of accounts and compliance has a list of all your accounts both outside and at ML. If you have accounts they will find out.
It is really to be disclosed all?