Stock Trading and Other Things

Employee Trading Account? -  Stock Trading and Other Things
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Employee Trading Account?

I am an intern in wealth management at one of the big banks. To make a long story short, my boss is a controlling and manipulative +20 years my senior creepy man who discreetly (is smart enough to not be overt) hits on me all the time. Not only that, but he is jealous because I have a lot of money.

Since I work for an investment firm I am unable to open an account at another firm due to SEC rules. However, I want to open a trading account. I talked with the operations manager and he said I could just open it under my boss. So not only would my boss get to see what trades I make and how much I invest, he would get a commission. For example, my boss knows that I have a lot of a particular stock. One day it was down a significant amount and he kept bringing it up, almost rubbing it in my face.

QUESTION:

What can/should I do about this?

I think it is a conflict of interest that my primary supervisor also see into my account and activity. I am not cracking open my piggy bank, I have serious money to invest and I take it seriously.

He is a very weak person and will be offended if I select another broker to have it under.

The main (and only) HR manager is an absolute b*tch to me because I am young and cute and she is old, ugly and single. It's not like I can trust her.

I do not want to offend my boss, expose my personal life/decisions, or deprive myself of making some significant gains/trades in this market.

Please let me know if you have any suggestions on how to handle this situation. Thank you for any and all advice.

Public Comments

1. If its against SEC rules, then probably not.

2. 1) Rules are rules. The rules primarily protect the company. Then again, you should be focusing on "wealth management", a fancy word for "sales", instead of being too concerned about trading your own personal account.
2) You're probably not that "good looking".
3) Your account is probably "small".
4) Get back on the telephone and keep cold-calling prospects.