Hi, I am in process of transferring my robinhood account to different approved brokerage account by JP morgan. I had some robinhood loan so to clear it up I sold some stocks. I just realized I might should have taken approval from chase before, not sure. Any idea what to do?? I have to do transfer since my wife joined chase.
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In the past people who found out a violation and disclosed were given a warning but it was fine. Someone that tried to hide it was fired instantly as soon as it was found out
You get a telling off. 3 and it’s a warning to your md. But disclose it
Go/vic
I took the pre-clearance later in the day and all those stocks which I sold were approved. Not sure this will help but safe side, we have also emailed the company regarding our situation.
Get your wife to reach out to compliance, and explain the situation. It’s easier if you reach out to them first other than the other way around, as a report of mine found out
Don’t go above 3 violations in a row in 6 months, someone has done the experiment. However every 6 months the record will get refreshed. Like others mentioned, disclose it as it’s 1st time and usually just a warning.
Your question is confusing. Did you accidentally trade shares of your company during a blackout period? If so, call up a tax lawyer.
No, so basically my wife is employee of JP morgan and as per the policy, any trading should be approved before. Now I sold some stocks before approval since I have to move from robinhood to approved brokerage account. So not sure if there would be any issue from company side.
Reach out to them. Having this surface and they realize you tried to hide it will be a serious issue. These kinds of things happen and they will tell you what to do