Personal trading question

How long do firms require for a "look-back" for employee/registered rep trades versus client trades? We look-back 7 calendar days and are wondering if that is a common length of time. Thanks for any input!

Denise Peters CFP®
Senior Vice President
CCO, Investment Advisor Division
Davenport & Company LLC
One James Center
901 East Cary, Suite 1100
Richmond, VA 23219
 
email: dpeters@investdavenport.com
     phone: 1-804-780-2139
     fax: 1-804-549-4598

Comments

  • 7 calendar days is typical. 14 calendar days is more conservative.







    Kathlyne Kiaie | Chief Compliance Officer | Direct: (415) 429-5178 | kkiaie@sailingstonecapital.com
    SailingStone Capital Partners LLC | One California Street, 30th Floor | San Francisco, CA 94111


    -----Original Message-----
    From: Peters, Denise [mailto:dpeters@investdavenport.com]
    Sent: Wednesday, October 19, 2016 2:08 PM
    To: IA Week Listserv
    Subject: Personal trading question

    How long do firms require for a "look-back" for employee/registered rep trades versus client trades? We look-back 7 calendar days and are wondering if that is a common length of time. Thanks for any input!



    Denise Peters CFP®

    Senior Vice President

    CCO, Investment Advisor Division

    Davenport & Company LLC

    One James Center

    901 East Cary, Suite 1100

    Richmond, VA 23219



    email: dpeters@investdavenport.com

    phone: 1-804-780-2139

    fax: 1-804-549-4598



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  • We use a 7 business day look back and a 2 business day look forward.

    Linda N. Perna
    Chief Compliance Officer
    Cooke & Bieler, L.P.
    1700 Market Street, Suite 3222
    Philadelphia, PA 19103
    Phone: 215.246.2052
    Fax: 215.567.1681


    -----Original Message-----
    From: Kathlyne Kiaie [mailto:KKiaie@sailingstonecapital.com]
    Sent: Wednesday, October 19, 2016 5:37 PM
    To: IA Week Listserv
    Subject: RE: Personal trading question

    7 calendar days is typical. 14 calendar days is more conservative.







    Kathlyne Kiaie | Chief Compliance Officer | Direct: (415) 429-5178 | kkiaie@sailingstonecapital.com SailingStone Capital Partners LLC | One California Street, 30th Floor | San Francisco, CA 94111


    -----Original Message-----
    From: Peters, Denise [mailto:dpeters@investdavenport.com]
    Sent: Wednesday, October 19, 2016 2:08 PM
    To: IA Week Listserv
    Subject: Personal trading question

    How long do firms require for a "look-back" for employee/registered rep trades versus client trades? We look-back 7 calendar days and are wondering if that is a common length of time. Thanks for any input!



    Denise Peters CFP®

    Senior Vice President

    CCO, Investment Advisor Division

    Davenport & Company LLC

    One James Center

    901 East Cary, Suite 1100

    Richmond, VA 23219



    email: dpeters@investdavenport.com

    phone: 1-804-780-2139

    fax: 1-804-549-4598



    The information in this electronic mail (e-mail), including any attachment(s), is confidential and intended solely

    for the addressee(s). No confidentiality or privilege is waived or lost by any transmission errors.

    If you are not an intended recipient, any disclosure, printing, copying, or distribution of any part of this message

    is prohibited and may be unlawful; and any action taken or not taken in reliance on this e-mail is not authorized by the sender.

    If you have received this e-mail in error, please notify us immediately by telephone at 1-800-846-6666 and delete this e-mail.

    Message transmission is not guaranteed to be secure.



    As e-mail is subject to time delay, DO NOT SEND ORDERS TO BUY OR SELL SECURITIES OR TRANSFER MONEY

    THROUGH THIS SYSTEM. The information contained in this e-mail does not serve as an official record of your account.

    If any third-party research report - i.e., not a report issued by a Davenport & Company LLC (Davenport) research analyst - is

    attached to this e-mail message, please use this link for Important Third Party Research Disclosures.

    https://urldefense.proofpoint.com/v2/url?u=http-3A__www.investdavenport.com_legal_research_Correspondent-2520Research-2520Cover-2520Page.pdf&d=CwIGaQ&c=dpn1WjMMQGUYKOlM1k1w3OIaMfTHNTwPoUrrILOsxvs&r=U_-f7stco1xF2Cse2sXR-WTrdM4w3LMVqnENVGxIpkI&m=BHJDOHQybfeGEu-xsLDL9fxmlFL8aGf8mxSRFRZjRP8&s=-Sy2R_QUyVLyESeF3KfadVBXoxnbeZMpxL3XxSkji7s&e=



    Please follow this link for additional important information https://urldefense.proofpoint.com/v2/url?u=http-3A__www.investdavenport.com_legal_mail-5Fdisclaimers_General.pdf&d=CwIGaQ&c=dpn1WjMMQGUYKOlM1k1w3OIaMfTHNTwPoUrrILOsxvs&r=U_-f7stco1xF2Cse2sXR-WTrdM4w3LMVqnENVGxIpkI&m=BHJDOHQybfeGEu-xsLDL9fxmlFL8aGf8mxSRFRZjRP8&s=q6MN0gMgdzDmyEobsqwvxMLvdGM2bZEhiDmEllNl_fM&e=



    Davenport & Company LLC Member NYSE/FINRA/SIPC

    If this e-mail is from an investment team, using a name other than an individual signature, please be advised that all

    securities and advisory services are offered through Davenport & Company LLC.



    Following this year s election? Then you won t want to miss IA Watch s Nov. 18th conference, Financial Services Industry Change: The Presidential Election and Coming Regulatory Action Fallout in Washington, D.C.



    We ll dig into what the election results mean for you, coming regulations, exam hot spots and more.



    Check out our agenda and register at https://urldefense.proofpoint.com/v2/url?u=http-3A__www.iawatch.com_changes2016_&d=CwIGaQ&c=dpn1WjMMQGUYKOlM1k1w3OIaMfTHNTwPoUrrILOsxvs&r=U_-f7stco1xF2Cse2sXR-WTrdM4w3LMVqnENVGxIpkI&m=BHJDOHQybfeGEu-xsLDL9fxmlFL8aGf8mxSRFRZjRP8&s=UIu8pAVvUOW-ya_UrMWMnXijeWvloZEKky3c0FICDIk&e= or call 888-234-7281.



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    ________________________________

    Following this year s election? Then you won t want to miss IA Watch s Nov. 18th conference, Financial Services Industry Change: The Presidential Election and Coming Regulatory Action Fallout in Washington, D.C.

    We ll dig into what the election results mean for you, coming regulations, exam hot spots and more.

    Check out our agenda and register at http://www.iawatch.com/changes2016/ or call 888-234-7281.

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  • We have a three day look back.





    From: "Peters, Denise"
    To: "IA Week Listserv"
    Date: 10/19/2016 05:08 PM
    Subject: Personal trading question



    How long do firms require for a "look-back" for employee/registered rep
    trades versus client trades? We look-back 7 calendar days and are
    wondering if that is a common length of time. Thanks for any input!

    Denise Peters CFP
  • We use 7 calendar days before and after Firm trades but do exempt trades that do not give a perceived advantage to the Employee. An Employee buy after a Firm buy, Employee Sell after Firm sell for example would be allowed and would not have to wait 7 additional days after.
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