Employer placed restrictions on employee investment oppertunities.

Hello, Is there any legal standing for an employer to determine:

1. The broker used by an employee for the function of investing in the stock market.
2. The release of all holdings by the employee or the employee's wife
3. The requirement to pre-clear or approve all purchases or sales prior to making those actions.
4. The denial of a selling opperuntity where in, such a sale would result in loss to the holder of the security.

The employeer is a large multinational custody bank.

Thanks,

0 answers  |  asked Apr 26, 2010 06:14 AM [EST]  |  applies to New York

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