Conflict of Interest Question

What is sucky about that is GE has totalled TANKED lately... :(

Is there a time frame in which we have to have the stock sold?
 
nathanw said:
You cannot own any aviation related stocks (they give you a long list on your first day here). You also cannot own any mutual funds with more than 30% invested in aviation, provided you have no control over the funds' management.
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That's pretty dumb, IMHO. Even if someone owns $50k in stock in a company, that's small beans compared to the total value of all shares outstanding. Yeah, I'm going to be a bit more concerned about the company's financial well being, but to go so far as giving them preferential treatment on the job? Get real.

Making someone take a capital loss on some stock because they own a couple hundred shares of a company is just plain dumb. If there's no way for them to directly monitor that (very doubtful...it is none of their business frankly), I'd just hold onto the shares until they recover, then sell them. Unless you own enough to be subject to having to report any sale to the SEC what you hold in a personal portfolio that was part of an ESOP or other similar program is your business alone.
 
Barty said:
That's pretty dumb, IMHO. Even if someone owns $50k in stock in a company, that's small beans compared to the total value of all shares outstanding. Yeah, I'm going to be a bit more concerned about the company's financial well being, but to go so far as giving them preferential treatment on the job? Get real.

Making someone take a capital loss on some stock because they own a couple hundred shares of a company is just plain dumb. If there's no way for them to directly monitor that (very doubtful...it is none of their business frankly), I'd just hold onto the shares until they recover, then sell them. Unless you own enough to be subject to having to report any sale to the SEC what you hold in a personal portfolio that was part of an ESOP or other similar program is your business alone.
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Agreed, plus anyways there has to be some form of exemption for this. Also what about captial gains tax? If they're truely forcing someone to sell the stock you should atleast be exempt from that or something if you ask me. What if you own stock in an account that you don't have direct control over? I know there are a bunch of people who put money in a "Delaware account" for retirment and if I remember correctly some of these types of accounts the investor isn't aloud to just sell a random stock. I could be wrong, it's not like I'm an account manager or anything (my aunt is so that's how I know a little about all this). It just seems really unfair when other people in government who have a greater conflict of interest don't have these rules. Also do they even have the right to just randomly look at your finances and say that stocks got to go? Too be honest I just find this somewhat of an empty threat that I don't see how they can enforce, but then again I could be wrong.
 
The difference is...they can have a retribution in that you no longer would be employed. They are your employer and you have to follow their rules. Due to your security clearance they do have some right to look at your finances (hence the credit check when hired). Now I don't know how in depth after you are hired they look. While the rule may suck (especially for those that have had stock for a long time in certain companies), it is a rule. How enforced it is, I don't know. Personally, we are going to follow the rule (no matter how crappy) because my husband's job isn't worth the small amount we have in the stock. Now if we had the amount of stock my dad did, then I think I would be freaking a bit!
 
After reading that I found out that if we want to use buddy passes from the bro-in-law my husband has to get permission cause it is his brother and it falls under the "flight privileges"..guess it is good and bad that I read that!
 
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