Liliana works for Bear Funds, a brokerage firm. Bear has a policy of not allowing its employees to trade in securities i
Posted: Sun Aug 07, 2022 5:58 pm
Liliana works for Bear Funds, a brokerage firm. Bear has a policy of not allowing its employees to trade in securities in which it has large holdings. A list of such securities is circulated on a daily basis to the employees. Liliana knows of this restriction. However, a few days ago, she happened to purchase a few shares of a firm that are on Bear's restricted list. The total value of the purchase was less than $500. Liliana should
A. none of these answers.
B. report the transaction to the compliance department and see how best to unwind the transaction.
C. inform her immediate supervisor about it and accept any sanctions.
D. not do anything, because the activity is of negligible size.
A. none of these answers.
B. report the transaction to the compliance department and see how best to unwind the transaction.
C. inform her immediate supervisor about it and accept any sanctions.
D. not do anything, because the activity is of negligible size.