Insider Trading Violation Question

[agentq]

Suppose I work at a brokerage and I found that one of my employees and two of my superiors were involved in insider trading and that I went to our CEO and stated that I think all of this should be reported to the SEC. And suppose the CEO said go away and don't bring it up again. And suppose I was very surprised but later found out that even the CEO was involved in a similar questionable transaction. What then should I do? I am afraid that if I speak up again, I will be fired. And I'm afraid if I don't speak up then I could lose my Series 7 license.

 

[ALawyer]

If they are engaging in inside info, their conduct is illegal.

You probably should find a new position at an honest firm.

You could also report it to the NASD or the SEC.

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