Can someone please explain the difference between Watch List and Restricted List? This comes under Ethics - Material Non-public information
Restricted list is a list of companies/stocks that the employees and broker of a firm are restricted from soliciting to their clients or buying for themselves. Most of the time its due to the firm having insider info when doing investment banking service with the company. Watch list should be a list of companies/stocks that the firm is looking to buy or sell in the future. Correct me if I’m wrong.