Can banker’s spouse trade any securities or forex without the 30 days restriction?
December 17th, 2008
J J asked:
I am taking a career in investment banking. My husband trade options and stocks pretty frequently. His trades can be as short as a few days to a couple months, rarely longer than a year. I learn that there is restrictions on trading securities if the spouse works full time in the bank, for example, approval needed from the bank before entering the trade, and no closing of each trade before 30 days. Do you know if that apply for forex trading as well? I am not sure if that means he needs to stop trading completely, or he can trade forex, etc.
SUGAR
I am taking a career in investment banking. My husband trade options and stocks pretty frequently. His trades can be as short as a few days to a couple months, rarely longer than a year. I learn that there is restrictions on trading securities if the spouse works full time in the bank, for example, approval needed from the bank before entering the trade, and no closing of each trade before 30 days. Do you know if that apply for forex trading as well? I am not sure if that means he needs to stop trading completely, or he can trade forex, etc.
SUGAR
An expert on this subject but it is my understanding that the employee in such case spouse can not trade the rule applies only to companies for which material information and nonpublic information is available to the employee in such case spouse.
The rule applies only to the rule applies only to companies for which material information is available to the rule applies only to companies for which material information.
The security involved.
An expert on this subject but it is available to companies for which material information is available to.