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Posting as :
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What actually happens? I assume they get fired if it is found out.

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Firms will sometimes run a background check or other independence check at manager + and it will sometimes show up. Def fired if you willfully ignored them telling you not to

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When we get audited for independence, they get tax returns and supporting info. Unless you don’t report the income, you are definitely getting caught

There’s a anonymous hotline to report stuff like that

I have absolutely seen more than one person canned for this.

So have I, numerous times. If not approved. You get fired.

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Working as Investment Banking Associate(15 months)
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Now that's what I really want to follow.

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True or false?

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True or false?

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