Dear Friend,Hello and welcome. Thank you for providing an opportunity to assist you.From what I understand from your situation, it is YOU who is supposed to be contractually bound with the company who you work for. The company that you work for requires YOU to abide by its private account policy.
Having said this, you do not need to take / submit any trade requests for this. You are not required to do it. Let me explain.
The trades that you are going to put will be in your ltd company account who is a separate legal person / entity in the eyes of law. Further more, you wife would be trading and no trades of her would be initiated because of any inside information passed on by you. I do not think your ltd company account traded by your wife falls under the purview of this private account policy.
I am sure this would help.
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Hello and welcome. Thank you for your follow up reply.
YES -- You are correct. Let me explain more on this.
Whether only YOU are contractually bound with the private account policy will grossly depend upon the language used in that agreement.
My previous reply was solely besed on the belief that it is YOU as an individual and as a person has signed and contractually bound.
However, if your agreement mentions that definition of "YOU" will include your related entities, i.e. your ltd company and its officials and your immediate relatives which means your wife as well, then any trade executed in your ltd company account even by your wife will fall under this purview.
So, the language used will be very much important to decide the situation.
Further to this, YES, in the present situation, if the contract is between your ltd company and the financial company then DEFINITELY, the account of the ltd company will fall under the purview of the private account policy.
Furthermore, YES -- there are many ways to find out that your ltd company has a trading account in its name. So better disclose and do not resort to consealment of any material information. It will do more harm than good.
Hi,Give me an hour or two's time and I will revert back.Warm Regards,
Hello, sorry I had lot of interruptions .
I have gone through some part of your attachments. I need some more time to go through the rest of them.Please bear with me for couple of more hours. I will get back before morning tomorrow, FOR SURE.
Dear Friend,Hello again. Sorry for the delay in replying back to you.I have gone through the PA Policy and I must admit it is very much in detail.
To begin with, the "definition" of "Connected Person" is very much clear and it covers you ( a nominated consultant of your ltd company), your wife, and officials of your ltd company. It also explicitly covers your immediate family members living in the same house, your friends and other organizations you are involved with.So, to come to the point, I do not see any way in which you will be able to circumvent this.
I understand that trading gives you extra income but so long as you have signed this, I believe, you will have to go through the process of seeking prior approvals.
I am sorry but I am not sounding negative. This is what the contract reads. Alternatively, so long as you are under the purview of this agreement, you may choose to either continue to seek approvals (I am sorry, but you have no recourse to this) OR TEMPORARILY deal only in "Exempt" securities as defined therein in Point. 18.104.22.168 and 22.214.171.124
I would advice you not to attempt to circumvent this because the contract clearly provides that this can result into the overall termination of your contract with them.
Thank you so much. It was total pleasure working with you.
You may revert back anytime if you need further help and information. I would be more than happy to keep assisting you.
Dear Friend,I see you are more than satisfied with my help.May I know the reason of your refund ? It gets deducted from our earnings.Let me know if I have fallen short anywhere to help you.Warm Regards,
Hello again.No, in fact, they deducted the $22.50 from my earnings on this URL.No worries. It is perfectly alright. Your satisfaction is what that matters to us.Have a good day.Warm Regards,
No worries, It is perfectly okay.
Usually what happens that customer accept to pay for premium fee for the additional time that an expert spends on answering further questions.
Hope this explains.Warm Regards,