Cross Trades

Good Morning,

I was hoping to receive some feedback on whether or not a manager could cross trades between two of his own personal accounts - a taxable vs. non-taxable account.

There was some question as to whether you could cross bonds between the same beneficiary rather than two separate clients.

Thank you for any comments on this.

Warm Regards,
Stacey




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Stacey Sternberg
10 Weybosset Street, Suite 1000
Providence, RI 02903
401-521-2440 phone
401-521-4870 fax

Comments

  • Stacey:
    As long as the two trades are executed independently from one another in the open market and not crossed with each other in a pre-arranged fashion, it should be ok.
    Best,
    Gil
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