Has anyone at STT run into trouble with compliance on failing to disclose a trade or outside activity? What is the consequences?
14 replies (most recent on top)
You don't lose anything to file a law suit anyway. Do not miss your chance. Good luck.
Depends on what your outside activity was and wether you choose not to disclose it.
Sounds like they looked for a reason and you gave it to them.
I was terminated by SST due to outside activity. Should SST give me a 60 days of notice according to the WARN Act, short for Worker Adjustment and Retraining Notification Act? Can sue the company for violating WARN?
This poster is so convoluted that there is no way to interpret it.
The last post sound like from someone from compliance or HR. If the claim from last post is true, we would not see this topic here. Obviously the person initiated this topic has been perplexed by compliance and trying to reach out here for help. Anyway very interested on how thing will be ended and if this may be another trick SST is trying to get ride of employee with zero cost.
I think the author of that post was not speaking truthfully. HR and Compliance do not care. They tick boxes for regulatory items, but do not enforce anything.
Seemed pretty far fetched.
I am also curious how compliance find out your external offer. Seems compliance is peeking into employees personal activities after work somehow. Sound scary especially considering you accepted the external offer while you are officially at "layoff list"=="talent marketplace".
I am confused, you had the option to collect a severance package and start another job and you turned it down to stay at State Street?
Then we’re grilled by compliance on what basis? How did they know you got an offer?
Also, side question. Were you placed by choice or did they find a roll for you?
Find another job outside this company. It was none of their business that you had a job offer elsewhere. They put you into Talent Marketplace!
Sorry for the misleading title. It is not about stock trade. The issue is that I waited a period of time after taking the internal placement and than terminated the outside position just to make sure the internal placement is a real position rather than short period help.
I don't understand. I thought the topic was about stock trading acitivities. Do you have to report offers from other companies and how did they even know that you got an offer and rejected it?
Lesson learned - when offered a job outside this place, take it and don't look back.
My case is that I accepted an offer while on talent market, but was later being placed internally. I terminated the outside offer without disclose the activity. Would like to know if anyone else had such experience and how is it ended. I was interrogated by compliance on this matter.
I would like to know if they can actually find out if you aren't using one of their brokers.