Is it illegal and/or unwise to buy stock in clients your company consults for? Other companies in the same industry that aren't your clients yet?
No
Depends on what position you are on and what information you have. If you have some insider information you may be liable.
It’s only illegal if you’re acting on material non public information. Though even if what you’re doing is legal, you might be violating company policy.
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Read your NDA.