Re:The incredible stock-picking ability of SEC employees
by rdl on Thursday February 27, 2014 @09:59PM
(#7316990)
This would make joining SEC a very expensive career move for a lot of people, especially if they only planned to be there for a year or two, and were heavily into former employers or other specific stocks based on their experience in the stock market.
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Re:The incredible stock-picking ability of SEC employees
by SkyMarshal on Thursday February 27, 2014 @10:09PM
(#7317017)
They have to assign their holdings to a 3rd party financial manager/fund/401k/IRA/etc and recuse themselves from any active management of their own portfolio. Not sure if this is an industry-wide requirement, but I had to do this when I worked for a small bond fund some years ago. Zero trading my own account allowed, and required to disclose all personal holdings and activity to the compliance officer who reported to General Counsel.