I live in U.S and work as a software developer (back office) at an investment bank. I don't have those series 63 license that needed to be registered with Finra, and my work is nothing at all related to investment or trading.

Several months ago, I opened up a brokerage account in Jan and had been trading (both buying and short selling) big name company like apple, tesla. there was absolutely nothing illegal in those trades. I was just using moving average to determine if price is too high or low.

Two days ago I found out that my bank has a policy not allowing employees to short sell and all employees needed pre-approval for trading. Since then I did not trade at all.

I am so scared that my company will find out. Should I just quit my job so HR will close my profile so that they will never try to find out? I mean if they really find out then I may get fired and never be able to work in the same industry again.

  • 3
    Should you quit your job??? LOL no. Just ask about the procedure for getting pre-approved. Go through it if you want. Keep your records, though, to show that you stopped as soon as you learned of the policy. Of course, IANAL, so take it for what it’s worth.
    – RonJohn
    Dec 8, 2021 at 8:49

1 Answer 1


You should talk to the compliance people at your job and get advice on how to handle it. This stuff happens all the time, no one is perfect. They will have a procedure for making it right.

DO NOT try to cover this up in any way. As with most things people get crucified for lying more than the actual thing they did in the first place. By trying to hide it you turn an innocent mistake into an intentional act of deception.

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