opening a trading account

[eviL | Live]

i'm working in the finance industry and according to my employer, have to declare my brokerage accounts and my positions before i buy and sell. also, i'm only allowed to trade through certain sg brokers. just wondering if there's any workaround to these restrictions, other than trading using an account under a relative's name?

 

[Shiny Things]

i'm working in the finance industry and according to my employer, have to declare my brokerage accounts and my positions before i buy and sell. also, i'm only allowed to trade through certain sg brokers. just wondering if there's any workaround to these restrictions, other than trading using an account under a relative's name?

No, don't do this. If you get caught you're going to get fired on the spot.

 

[wutawa]

No, don't do this. If you get caught you're going to get fired on the spot.

Not only that, u can forget abt working in the same field.

 

[BBCWatcher]

On top of all that, if you do this you’re potentially liable for criminal prosecution and/or asset forfeiture in certain jurisdictions.

Bad idea!

 

[havetheveryfun]

i'm working in the finance industry and according to my employer, have to declare my brokerage accounts and my positions before i buy and sell. also, i'm only allowed to trade through certain sg brokers. just wondering if there's any workaround to these restrictions, other than trading using an account under a relative's name?

It's already good that they still allow u to trade through certain sg brokers, why u don't want that considering the commission rates across them are quite similar anyway. Some companies don't even allow their employees to trade at all.

 

[xtwis7]

I think he doesn’t want to deal with the hassle of declaration and getting approval. As most have pointed out, TS can trade already quite good.

It's already good that they still allow u to trade through certain sg brokers, why u don't want that considering the commission rates across them are quite similar anyway. Some companies don't even allow their employees to trade at all.