Spouses of Big4 consultants cannot invest?

Dec 6, 2019 22 Comments

My spouse works at a big4 consulting company and mentioned to me today that I need to disclose my investments and not only disclose but also stop investing altogether else Big4 will penalize us. Is this true? Can anyone confirm that we are not allowed to invest if our spouses work as a manager or above at Big4?

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TOP 22 Comments
  • Reputation.com HjYN27
    Why are you asking it here? Those companies provide very robust compliance rules and even quiz employees. In general limitations are just around the companies that are under audit by that big4 or certain other services, and lower the level - more lenient the rules.
    Dec 6, 2019 0
  • LinkedIn Tendulkar9
    Get divorced!
    Dec 6, 2019 1
    • Microsoft C-Gang
      OP
      I hope you are not in a customer facing role or else your resume should be on LinkedIn soon, not you!
      Dec 8, 2019
  • Microsoft kKLn55z
    You mean your spouse is in a role responsible for auditing Microsoft?
    Dec 6, 2019 3
    • Deloitte / Data Ceeker
      Your spouse works for us. We can't do anything else but vanguard. We also audit MS as well so we can't invest in things that MS is involved in
      Dec 6, 2019
    • Microsoft C-Gang
      OP
      Thanks, though it's not deloitte but good to know
      Dec 8, 2019
  • OpenTable Meliodas
    Spouses create a single economic unit, so the rules generally apply to both or they would be meaningless.

    You should really be asking your internal compliance or legal teams for guidance, not random people on Blind.
    Dec 6, 2019 2
    • Microsoft C-Gang
      OP
      Do you really think people take big decision based on blind discussions? May be you have not heard of something called 3rd, 4th, 5th opinions. I have often found that atleast 1 or 2 good suggestions do surface with random discussions with strangers and I got that from this post. Either be supportive or gtfo
      Dec 8, 2019
    • OpenTable Meliodas
      I gave you two answers, how is that not supportive?
      Dec 8, 2019
  • E*Trade / Finance cbEV72
    It could be similar to us. Our family has to disclose the investments and have restrictions on what can they do
    Dec 6, 2019 1
    • T-Mobile
      heckoworld

      T-Mobile

      BIO
      looking for new opportunities...
      heckoworldmore
      Yup to avoid being accused of insider trading. A previous company of mine had a similar policy. This was just after Enron.
      Dec 6, 2019
  • Microsoft isio37
    This is usually the case with hedge banks, but not necessarily with all the big4.

    Just confirm with them, perhaps only the companies she's consulting with.
    Dec 6, 2019 0
  • This comment was deleted by original commenter.

    • Compass HWV39
      Spread false info much? This is why tech is taking over banking.
      Dec 6, 2019
    • Compass HWV39
      Listen, your statement is patently false. Period. You don’t know what you’re talking about.
      Dec 6, 2019
  • Salesforce horsepla
    Can’t you invest in index fund or robo investors? This way you’re not doing any manual trading
    Dec 6, 2019 2
    • Microsoft C-Gang
      OP
      Good point. How about the index funds? Or mutual funds thru fidelity or vanguard?
      Dec 6, 2019
    • E*Trade / Finance cbEV72
      You should be able to invest into etf and mutual funds.
      Dec 6, 2019
  • Union Bank Dhdjndkf
    Yes you can’t and that’s why I left big 4
    Dec 6, 2019 1
    • Compass HWV39
      And you went to union bank? Downgrade why not leave banking altogether. It’s going digital and FTE is being slashed and burned faster than the rainforest.
      Dec 6, 2019

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