SPEAKER: All right. Sounds good.
Hey, Tim, you got a minute?
TIM: Sure.
SPEAKER: Listen, I was just going over the documentation, your last few trades. Can we talk about it?
TIM: Uh-huh.
SPEAKER: Out of your last 12 trades, only five had complete documentation. And listen, that just puts us at risk to all kinds of consequences.
TIM: Yeah, I hear you. I hate to say it, but some of these new rules-- it's amazing I had it right five times. They really make it hard to do your job. It's ridiculous.
SPEAKER: The firm's stepped up in compliance the last five years, definitely. The thing is we ought to conduct ourselves in the same manner. Deviations attract attention. Next thing you know, you have a perfectly sound trade, and it's under examination. And that's the last thing we need.
TIM: Fair point. But the time this all takes, you know? It's over the top, seriously.
SPEAKER: It's part of the job. It's part of the job, and we all have to do it. What's your problem? Is it too time consuming?
TIM: Not exactly. I mean, yes, it does take time. But at the same time, I just don't see it is my job. My job is to make trades.
SPEAKER: I hear you.
TIM: I don't break the rules You know that.
SPEAKER: I know. Tim--
TIM: This paperwork is annoying.
SPEAKER: It is, but it is part of the job. And we all have to do it, OK? So let's just figure out a way for you to get it done, and then you can focus on your next trade.
TIM: I've been thinking about that too.
SPEAKER: Great. What are your ideas?
SPEAKER: All right. Sounds good. Hey, Tim, you got a minute? TIM: Sure. SPEAKER: Listen, I was just going over the documentation, your last few trades. Can we talk about it? TIM: Uh-huh. SPEAKER: Out of your last 12 trades, only five had complete documentation. And listen, that just puts us at risk to all kinds of consequences. TIM: Yeah, I hear you. I hate to say it, but some of these new rules-- it's amazing I had it right five times. They really make it hard to do your job. It's ridiculous. SPEAKER: The firm's stepped up in compliance the last five years, definitely. The thing is we ought to conduct ourselves in the same manner. Deviations attract attention. Next thing you know, you have a perfectly sound trade, and it's under examination. And that's the last thing we need. TIM: Fair point. But the time this all takes, you know? It's over the top, seriously. SPEAKER: It's part of the job. It's part of the job, and we all have to do it. What's your problem? Is it too time consuming? TIM: Not exactly. I mean, yes, it does take time. But at the same time, I just don't see it is my job. My job is to make trades. SPEAKER: I hear you. TIM: I don't break the rules You know that. SPEAKER: I know. Tim-- TIM: This paperwork is annoying. SPEAKER: It is, but it is part of the job. And we all have to do it, OK? So let's just figure out a way for you to get it done, and then you can focus on your next trade. TIM: I've been thinking about that too. SPEAKER: Great. What are your ideas?
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