Don't touch your dial! CNBC has become the live feed of the new economy. Here is a behind-the-scenes look at CNBC, a network that has reinvented the way TV works.
All CNBC employees:
- Must hold stock that they purchase in any company for a minimum of four months.
- Are prohibited from highly speculative forms of trading, including options, futures, and short selling.
Also, newsroom employees:
- Must preclear stock transactions of a "significant size" with the general counsel's office, which imposes a two-day "cooling-off" period before trades can be executed. This rule is designed to avoid even the slightest appearance that newsroom personnel may be trading inside information.
- Must disclose to CNBC significant holdings in any company before talking about that company on the air.
In addition, Homonoff says that he conducts annual review sessions of CNBC's policy and of U.S. insider-trading laws that all employees must follow.
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