AnchorΒ inΒ Β 
Mobile Software EngineerΒ 2 years ago

Do you guys have trading restrictions from being engineers?

Does your company restrict you from trading any stocks?

I'm in a finance company but like, I'm an engineer! I really don't have access to any info.

I didn't know it was a thing until I joined my current firm and I had to get out of some positions at a loss. I also can't day trade! Like I know I shouldn't be trading when I have work, but there are times when I don't have any tickets line up and I just want to make some money for groceries.

Oh well, at least I can do ETFs and large caps. I do miss day trading though.

19g6vkvllmyk3Software Engineering ManagerΒ 2 years ago
Finance companies always have restrictions on trading for all employees -- it's fairly common to even require employees to turn over brokerage account statements or credentials for ongoing auditing/monitoring. It's not unique to your firm -- it's literally well known as the industry standard in the industry you hired into. If you want to day trade privately as an individual, you should move your career to a different industry outside of Finance. The good news is there are plenty of industries needing tech work that don't have those restrictions! However, this is an teachable moment to reflect on the importance of researching a job/company/industry before joining, and reading the fine print on the legal agreements before accepting the offer.
AnchorMobile Software EngineerΒ 2 years ago
Coming from a non-traditional background, I felt like I was already at a disadvantage so I just accepted the first company that took me, but it's also my dream company. I miss day trading but I'm glad to be here.