Question for current or former SEC attorneys Forum

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Question for current or former SEC attorneys

Post by Anonymous User » Thu Jul 28, 2022 10:02 pm

Was wondering if SEC attorneys are allowed to trade individual securities, so long as trades are disclosed internally and the securities in question are unrelated to an enforcement action you're staffed on? Or is the securities trading policy more restrictive than that? I know some in Congress proposed a 6 month waiting rule / no individual securities / no day-trading, but I couldn't find the actual, current set of rules on this topic (perhaps not available to non-personnel). I trade as frequently as a couple of times a week on certain stocks/derivatives as a hobby, and wondering if I would have to stop trading all securities, altogether, if I accepted an offer. Thanks in advance.
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The Lsat Airbender

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Re: Question for current or former SEC attorneys

Post by The Lsat Airbender » Fri Jul 29, 2022 12:36 am

I trade as frequently as a couple of times a week on certain stocks/derivatives as a hobby
Whether it's explicitly against the rules or not, this sounds incompatible with working at the SEC. Reporting/clearing everything sounds like a nightmare. I'm pretty sure that derivatives (or other instruments that could give short exposure) are intrinsically verboten.
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