You might wonder what the big deal is, but in all honesty, it's like cheating in a game of cards. Having information related to the market and company decisions, and then using them in your stock buying decisions gives you an unfair advantage over everyone else who has put their hard earned money into the system. There are people who make their entire living, buying and selling stocks, which makes compliance jobs that much more important-someone has to keep track and make sure that everyone is playing by the rules.
The Securities and Exchange Commission has increased their regulation of stocks all around the world. For example in Pakistan, they have made it possible for SEC agents and law enforcement to enter a person's home and inspect its contents thoroughly. Then in Japan, they are setting up a database which will keep track of all employees and brokerage executives. They won't be able to make a move without someone seeing, which is a great step toward halting insider trading.
Then you have the situation in Trinidad, there is a penalty for insider trading that ranges to $300,000, which is definitely a way to put people off the very act. The idea here is to make the fine worse than the actual income that one would receive from the insider trading.
As you can see, with the use of the Internet on the rise, the need for compliance employment is skyrocketing. More and more companies need to keep an eye on this phenomenon of insider trading via the Internet, and if they do not then they'll find that they are losing more money than they actually gain. This is bad news for any company.
There has never been a better time to start your very own compliance career, and a job within the SEC would prove beneficial to both yourself and to them assuming that you can do the work. You will be required to hold a Bachelor's Degree in finance if you wish to get on with the SEC, or any other compliance jobs, and you will be able to work your way up over time depending on your work performance.
Compliance careers can be very rewarding. Not only will you get a decent paycheck as time progresses, you will also help shape the future of the stock and exchange markets. Even though the educational requirements are a little heavy, it will be completely worth it in the end when you are in a rewarding career that pays.
Make sure that you have a great resume when applying for this type of work. You will want to make it short, sweet, and to the point so that the employer will be able to pick it up, look at it, and know exactly what kind of person he is dealing with. Making your-self look great is the first step in having a great career.