Why would I need a compliance letter from my employer when I am trading my own funds?

Even if you're using your own money to trade futures, AMP may still require a compliance letter from your employer if:

• You work in finance (like a bank or hedge fund), or

• Your employer monitors trading activity (through a compliance department).

Members of the FINRA are required to report their investment holdings. The idea behind this obligation is that a trader, a broker, or any broker, or any other member of the FINRA may use inside information seeking to satisfy personal interest at the expense of other investors.

Why This Happens

• Certain jobs restrict employees from trading to prevent conflicts of interest.

• A compliance letter verifies that your employer is aware of your trading activities and that you're allowed to trade your own funds.

What You Need to Do

1. Ask your compliance department or HR for a letter stating they know you're trading your own money.

2. Upload this letter during your AMP account application.

Quick Summary

Even if you're trading only with your own money, AMP may ask for a compliance letter if your workplace needs to monitor personal trading.