11-01-2022, 07:07 PM
How catchable is this illegal act?
<!-- SC_OFF --><div class="md"><p>I want to first state that I do not intend to do the act I will be describing. I am more curious on how a bank/financial institute can find out this.</p> <p>I currently work for a large firm within the US and have closed all my trading account for compliance reasons. I was a big intraday trader before this and was just thinking about the ways I could actually continue to day trade while working here at the firm. I found out it’s def not something you should do lol.</p> <p>But what if there was a scenario where I was able to create an account under a friends name and traded with their account. Now I know this is illegal and again I will NOT be doing this. I am just curious how the SEC is able to detect this sort of act.</p> <p>Again not doing this. But would love to hear from people who know more.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/AceYoFaces"> /u/AceYoFaces </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/yjg0fs/how_catchable_is_this_illegal_act/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/yjg0fs/how_catchable_is_this_illegal_act/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>I want to first state that I do not intend to do the act I will be describing. I am more curious on how a bank/financial institute can find out this.</p> <p>I currently work for a large firm within the US and have closed all my trading account for compliance reasons. I was a big intraday trader before this and was just thinking about the ways I could actually continue to day trade while working here at the firm. I found out it’s def not something you should do lol.</p> <p>But what if there was a scenario where I was able to create an account under a friends name and traded with their account. Now I know this is illegal and again I will NOT be doing this. I am just curious how the SEC is able to detect this sort of act.</p> <p>Again not doing this. But would love to hear from people who know more.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/AceYoFaces"> /u/AceYoFaces </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/yjg0fs/how_catchable_is_this_illegal_act/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/yjg0fs/how_catchable_is_this_illegal_act/">[comments]</a></span>