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Just very recently opened an account with Tradovate.
One of the requested forms is the letter of awareness from my employer. Granted, I work for a bank but have zero exposure to trading desk nor insider information. Is it just me or is everyone having to provide this letter to Tradovate?
Knowing how competent my employer is, I very much doubt they have such letter to provide.
For every account I have opened, they ask a question about if you work for financial institutions, etc. If you say yes, as you did, this is probably an extra hoop you have to jump through. I've never hear dof it, but I do not work for a bank...
If you work for any FINRA-registered company, there is a regulation that requires what is called a 3210 letter (formerly known as a 407 letter). The firm must give written permission for the employee to trade futures, or in other cases hold certain investments. They can also request to receive your account statements. If you work for a FINRA-registered firm, their compliance department will used to this type of request and should be able to provide the letter.
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Mike Murphy | Director of Trading
Ironbeam Futures
Phone: 312-765-7228 | [email protected]
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You might also find that when you ask for said letter your employer also gives you a no-trade list, meaning securities and futures you are not allowed to trade because of your employers activity in them.
