Invest money can I?

not1but4

I work for a major investment bank in a very junior IT position.

But I am lucky enough, that I have a fair few € and £ saved up and I was wondering if I can invest any of my money?

OfflerCrocGod

Sure why not? You may have to declare your investments but tbh I wouldn't bother - just don't mention them.

coylemj

Your company may have a policy on employees investing in stocks and shares, particularly if you are privy to any market sensitive data which by the sound of it you are not but to remove any doubt it would probably be a good idea to discuss the matter with your manager.

soddy1979

OfflerCrocGod wrote: »

Sure why not? You may have to declare your investments but tbh I wouldn't bother - just don't mention them.

I really hope this guy is joking^

If you work for an investment bank, you almost definitely have to preclear any trades you make. You will also have to declare all positions on a quarterly basis at a minimum.

Definitely talk to your manager, but even better, talk to your compliance department.

beagle001

Actually it makes no odds if you declare it and we used to be offered a discount if we traded through the company broker.
Granted if your up to something on the side then its reason to hide it.

neris

You,ll have to declare it to a broker when you open a trading account

ixus

Soddy is 100% correct on this one. Any other line is waffle.

If you work for a bank, we'll say Bank of America, you must declare any shares you hold when entering the bank and on an annual basis. ESPECIALLY if you are holding a position in a rival company or a short position in BOA (which you wouldn't be allowed to hold). Or, if you could have access to insider information by using your IT skills to access emails for confidential information.

Best ask your compliance officer.

OfflerCrocGod

ixus wrote: »

Soddy is 100% correct on this one. Any other line is waffle.

If you work for a bank, we'll say Bank of America, you must declare any shares you hold when entering the bank and on an annual basis. ESPECIALLY if you are holding a position in a rival company or a short position in BOA (which you wouldn't be allowed to hold). Or, if you could have access to insider information by using your IT skills to access emails for confidential information.

Best ask your compliance officer.

They come around with a sheet to put in the positions you hold and ask you if you have any investments. Nothing's stopping you from saying 'No'. Obviously it's up to each individual to decide what to say or do but I doubt the poster will ever have access to information that is in any way sensitive.

mono627

OfflerCrocGod wrote: »

They come around with a sheet to put in the positions you hold and ask you if you have any investments. Nothing's stopping you from saying 'No'. Obviously it's up to each individual to decide what to say or do but I doubt the poster will ever have access to information that is in any way sensitive.

How do you know what the OP does and does not have access to? IT roles frequently have full database access even if they are a "junior role". Let's not make assumptions to which you can't possibly know the answer to.

coylemj

mono627 wrote: »

How do you know what the OP does and does not have access to? IT roles frequently have full database access even if they are a "junior role". Let's not make assumptions to which you can't possibly know the answer to.

It doesn't matter if he does or doesn't have access to sensitive data, the fact that he works for an investment bank means that the rules he has to operate under are different than for the rest of us.

Even though he may not be advising clients or investing their money, he works for a company that does and all of the employees of such a company have to operate under rules of transparency which say that they must declare all of their investments.

not1but4

Thanks for the replies.

Not sure about this but I think I have access to software that shows me all the trades that have been happening. So that could be seen as insider knowledge.

So, if I want to buy shares I had to give notice a few weeks before hand?

So would there be company broker I could go through?

What about Hedge funds? Would they be fair game?

coylemj

not1but4 wrote: »

Thanks for the replies.

Not sure about this but I think I have access to software that shows me all the trades that have been happening. So that could be seen as insider knowledge.

So, if I want to buy shares I had to give notice a few weeks before hand?

So would there be company broker I could go through?

What about Hedge funds? Would they be fair game?

Why are you asking a complete bunch of strangers these questions? It's not like we even know the name of the company you work for FFS.

Would you walk into your local McDonalds/Subway/KFC and ask the next guy in the queue these questions? Thought not!

Ask your immediate manager, if he/she doesn't know, go to someone in HR.

It's also highly likely that you got a new employee welcome & information pack when you joined, consult that and see what it says about financial trading.

Isoaxe

coylemj wrote: »

Why are you asking a complete bunch of strangers these questions? It's not like we even know the name of the company you work for FFS.

Would you walk into your local McDonalds/Subway/KFC and ask the next guy in the queue these questions? Thought not!

Ask your immediate manager, if he/she doesn't know, go to someone in HR.

It's also highly likely that you got a new employee welcome & information pack when you joined, consult that and see what it says about financial trading.

+1

not1but4

coylemj wrote: »

Why are you asking a complete bunch of strangers these questions? It's not like we even know the name of the company you work for FFS.

Would you walk into your local McDonalds/Subway/KFC and ask the next guy in the queue these questions? Thought not!

Ask your immediate manager, if he/she doesn't know, go to someone in HR.

It's also highly likely that you got a new employee welcome & information pack when you joined, consult that and see what it says about financial trading.

Righto.