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by rdl 4492 days ago
This would make joining SEC a very expensive career move for a lot of people, especially if they only planned to be there for a year or two, and were heavily into former employers or other specific stocks based on their experience in the stock market.
1 comments

They have to assign their holdings to a 3rd party financial manager/fund/401k/IRA/etc and recuse themselves from any active management of their own portfolio. Not sure if this is an industry-wide requirement, but I had to do this when I worked for a small bond fund some years ago. Zero trading my own account allowed, and required to disclose all personal holdings and activity to the compliance officer who reported to General Counsel.