they'll still require you to hold steaming piles of doo doo you're long, for 30 horrible days. working at a broker in a non prop trading role is frustrating. and your mathematically challenged low net worth compliance muppets are incapable of understanding why. that's why they work in .. compliance.
If you are a good daytrader this will not be the case. It would take me 2 seconds to answer, that's the time I need to say: not interested.
Compliance department will never find it out because it's not their job to monitor employees. Whenever there is a new regulation coming out from the government, their job is to update/re-write policies and procedures for the whole firm. Other than that, their day-to-day job functions are to deal with anti-money laundering, trade approvals for financial advisors and complains handling from investors. Regarding to your question, regulators send auditors coming to audit those broker/dealer firms annually. They will audit anything about firm's business practices and those employees who play a critical role as part of the firm. That's how you get caught if what you are doing is creating conflict of interests at work because they do due diligence on your name. Not only you get fired from your job, you might likely receive penalty from the government. Worst case scenarios, you will end up in jail with a criminal record and a kissing good bye to your trading account for life. Lastly, I agree with some posts on here that how can you day trading while working for a full-time job????
Negative comments about compliance related matters like yours just show how stupid/jerk/misleading you are because you have no idea of what they do and why they have to do it, period.
They have the most stressful jobs in the firm with decent salary paid and most importantly, their main role is to protect retail investors/traders like us. Everyday, they keep getting harassed from advisors who only care about their pockets and from their bosses who only care about getting lots of revenue flowing in. Without them, you will see more of those benard madoff in the future or a repeat of financial crisis in 2007-2008 market crashing. You idiot.