trading restrictions

what trading restrictions if any exist for employees on the floor of nyse?

 

Those would come from their member firm.

 

what common restrictions are there ?

 

It has been a long time since I was on the floor. What I remember is that you can't trade for your personal account while on the trading floor (If you are doing customer business). In fact, you might have to leave the building. Then there was a restriction where you can't trade in the symbol you execute for a client all day.

Some Bds do not allow employees to trade any "stocks" for their own account, only broad based indexes and mutual funds,

 

do the same rules apply to upstairs members of the nyse?

 

I don't like to reply when I'm not confident in my answer. I'm just not sure. May I ask why you are asking?

 

I told a friend of mine I would get an answer for him

 

Maybe your friend can join ET (it takes 30 seconds) and ask for himself.

 

maybe. thanks for displaying your wisdom publicly. you seem to be making of habit of it. do you get satisfaction out of it?

plus of course you don't know the answer to the question:"do the same rules apply to upstairs members of the nyse."

again, thanks for input.

 

As mentioned above ,it varies .I'm sure the answer is in the Code of Ethical Business Conduct,he should read it.

That being said, my old job own "Code of Ethical Business Conduct" wasn't clear cut and I could never get a straight answer . Plus nobody wanted to attach their name to the answer to my questions regarding the companies "Code of Ethical Business Conduct"

Make sure your friend is 100% sure of his company policy ,it could cost him/her their job. I would get it in writing.