Aug. 9, 2022
The change from work from home for front office employees is nothing more than politically charged backroom deals to get high earners back into big cities to spend money. Financial firms received tax breaks under the assumption cities would have high earners supporting their economies. As a person who’s been on trade and brokerage desk for over 20 years the oversight has never been stricter. “Handling of customer funds and securities” no broker or executor has ever handled customer funds. Its done by a completely different group that they have zero control or oversight on. Every single order that comes from a customer to a broker has an immutable electronic trail where you can see it was derived from. The technology of any form of communication has been well monitored and documented for years now. There’s been an absolutely zero increase in fraud because of people working from home. Call it what it is, a plea from cities to get high earners back in bars and restaurants. Justin Dirico Principal and Head of Futures OTC Direct Futures LLC t: e: www.otcdirect.io