7.0 Personal Investments and Trading
Prohibit covered employees and immediate family members from trading contrary to the firm’s recommendations , except under case of extreme financial hardship
If research team recommend both “buy” rating for A and B company.
Covered employee already has A shares, can emloyee
Sell existing A company shares
Sell existing A company shares and buy B company shares (switching)
Which one is allowed? 1) or 2)