Real question: what amounts to insider trading? Can transactional attorneys buy stocks at all?

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Sounds like you're going to be indicted one day soon for insider trading


At least OP is asking before going full speed ahead...Usually firms have pretty clear guidelines; just read them and abide by them.


Most firms have departments that you need to submit a trading request to prior to going ahead with the trade. They will then provide ‘permission’ based on information the firm may/ may not have. I’d just follow their guidance. It takes a couple of days which makes live trading impossible but still worth the effort to make sure you’re not running afoul of any requirements.

We can’t buy individual stocks without firm approval

We have to submit transaction requests for approval by a committee.

Safest bet would be to invest in a Low Cost Index Fund. Not only because of ethical reasons, but also because 90% of the time it has a better return on investment than you trying to hand pick stocks.

My firm went so far as to ban all trading in individual equity securities unless its in a discretionary account that we have no control over

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