Just because someone ONCE worked for a fund, a broker, held financial credentials, was an owner of x% of a publicly traded company, etc, does not mean "forever banned" from opening a personal, unrelated account. Jobs, circumstances, and lives change... all part of "know thy customer" rules and regs that have been around for as long as I can remember. I'll date myself... when I was sitting on an OTC trading desk, my compliance department required notification of ALL trades I made in a personal and completely unrelated Smith Barney account. Compliance had the authority to disallow (aka. cancel) ANY trade I made in that account, with no recourse for myself in the event such trade cancellation occurred or resulted in loss or profit. Obviously, Smith Barney compliance agreed to that solution, given the facts and circumstances at that time.