Do I need to disclose my cryptocurrency accounts to the firm?
Also, my invests in stock apps?
Why? And what happens if I do not disclose?
6 replies (most recent on top)
If you are on the private side you must disclose if you are on the public side you so not have to disclose. I sold 18 shares of an etf without getting approval and I got a first warning it went straight to me ED.
I must say this is bs as I add to a certain stock every 2 weeks like clockwork. I was able to purchase until the last month my request gets denied so this can be a bummer man.
@1kmn+190G8JUx is 100% WRONG. No trading crypto and not disclosing will NOT land you in jail. In regards to disclosures it really depends on your department and if you are trading under the SEC or in a non regulated market. I wouldnt disclose d–k to these mo–ns but apparently there are more bootlickers out there that love to volunteer their information for free. Read your paperwork if it implies they want you to disclose then it wont hurt but if not hell no.
Even the cryptocurrency? I have no license, even not being licensed do I have to disclose?
Geez....
If you don't disclose and make decisions as a certified or licensed something or other, it could land you in jail due to securities regulation. If the company takes on damages, they have the right to sue you too.
i wouldn't disclose jack to the company. Why does the company need to know about your cryptocurrency? total invasion of privacy.
It's to protect you and the firm from the SEC for insider trading.
Certain LOBs require you to disclose your brokerage accounts and prohibit you from participating in trading activities. You may require to get an approval before placing a trade.