#asknostr
I'm (trying to) orange pill a friend who insists that his company won't let him buy bitcoin. Apparently it's built into his contract. I'm curious to see it because that sounds crazy to me. He's in finance, but I don't know more details than that.
Is this a thing? and is it normal?
first time hearing of this outside of journalists
If Nancy Pelosi’s husband can trade stocks why can’t your friends brother or mom buy some bitcoin 😉
If he works for a Big4 firm or similar it’s probably true
If it's part of the employment contract he signed, he has to abide by it unless doing so is a violation of the law. I can understand why finance companies might want to prohibit their employees from having a bitcoin position as it may create a conflict of interest.
ok, great - thank you!
Whao, that's restrictive! Too restrictive for me to even sign a contract like that if I only had knowledge of Bitcoin and didn't consider owning some yet. It's a deal breaker, I'd leave if I were him because the company is for control and not freedom. In the future he might have to start comprimising on his own beliefs to continue working there.
Financial firms usually require employees to disclose their investments annually so as to make sure they do not have conflicts of interest and are not front running their clients.
There may be specific investments employees are prohibited from owning, but usually there is a reason. Ask your friend "why" his company has placed this BTC restriction on employees.
Possibly your friend made this up because he doesn't want to talk about buying BTC anymore... Or maybe he has misunderstood the company policy. 🤔
I did consider the idea that maybe I should just shut up about it at this point!
Thanks so much for your help, Lois 🙏
Poor guy
