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Yes it is normal.
Trading rules for investment management employees typically prohibit them from trading securities while in possession of "material non-public information" (MNPI), meaning confidential information that could significantly impact a company's stock price, effectively preventing insider trading; this often includes blackout periods around earnings releases, and requires employees to disclose all personal trades to their firm for monitoring and compliance purposes.
Yea, I have blackout periods at my company now but I don’t have to get trades pre-approved.
Pretty sure that is required by the SEC so assume it is normal
Yeah it's not really up for debate. If your company ISN'T making you get every trade pre-approved then they are definitely in for some deep trouble at some point
I assume some firms will really go above and beyond when it comes to compliance issues. It's conceivable they've been burned in the past. And it's likely they're fixated on avoiding even the appearance of impropriety.
It is required by SEC. It is not because some firms are concerned about appearance
You may have one gratis "trade" that u did not clear but do it again and you will be reported to the SEC screwing yourself for ALL jobs in the future.
Yesh