Limited brokerage/trading activity due to spouse’s employer restriction – is there a way to enforce it?


Hi all,

We are in Canada and my spouse working for a financial institution that restricts my spouse, and the whole family, to trading with 2 brokers only and can only hold position for at least 30 days.

The problem is that these 2 brokers are not for day trading while I want to do day trades.

My question is, how exactly my spouse's employer can know not only if we are trading with another brokerage but also if we are trading for less than 30 days?

I don't think any financial institution has access to our account right?

Can they ask IIROC (US FINRA equivalent in Canada) to contact all the brokers out there to see if the listed names have an account with them plus their trading activity? Or, does IIROC has all of our brokerage info and trading activity and they can hand it over to them?

Seems like excessively violating privacy to me but maybe I don't know what I don't know and there is a way for this company to know all this info?

Thx all!


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