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manchester88

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tT
发表于 2011-7-11 18:03 | 只看该作者

confused about watchlist

specified, developed, restricted, only
These are the exact words from the handbook:

Securities should be placed on a
restricted list when a firm has or may have material nonpublic information. The
broad distribution of a restricted list often triggers the sort of trading the list was
developed to avoid. Therefore, a watch list shown to only the few people
responsible for compliance should be used to monitor transactions in specified
securities.

Is it saying that the firm should NOT widely distribute the restricted list? If not, how are employees supposedly to know what securities are restricted? And what's the difference between a watch list and restricted list?
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Bluetick1010

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2#
发表于 2011-7-11 18:03 | 只看该作者
This just reminds me how much I hated studying Ethics. Sorry, but I really cant help you with this ezbentley

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farrukhsadiq

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3#
发表于 2011-7-11 18:03 | 只看该作者
my understanding is that a watch list is used to monitor trading on nonpublic information within the firm -- thus it is not widely distributed because it would become a self fullfilling prof. but what instead is distributed is a restricted list, which prohibits trading on securities for a number of different reasons.

in other words, if management were to distribute a list of securities that they have nonpublic information on, they would encourage traders to bet on the securities. instead you can distribute a restricted list firm wide because you disallow insider trading or front running on the securities that are distributed.

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koba

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4#
发表于 2011-7-11 18:03 | 只看该作者
The broad distribution of a restricted list often triggers the sort of trading the list was developed to avoid.

It sounds like distribution of the restricted list is discouraged by the handbook.

Are you saying that the management and the employees see two different copies of "some" lists?

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cchang

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5#
发表于 2011-7-11 18:03 | 只看该作者
maybe i'm incorrect, i haven't read on this in a long time, but i think you're confusing two different lists: a watch list and a restricted list.

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nitoha

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6#
发表于 2011-7-11 18:03 | 只看该作者
the watch list will be used by compliance dept to make sure employees are not trading securities on the restricted list...

the watch list should only be shown to those who need to see it for privacy reasons...??


this is my thoughts let me know??

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