Insider Trader Policy

At Maverick Trading, we take insider trading very seriously. Maintaining integrity and transparency in all our trading activities is essential to our success. Our strict compliance with insider trading regulations reflects our commitment to fair and ethical trading practices. As a reputable firm, we understand the importance of adhering to legal standards to protect our traders, clients, and the broader market. The Maverick Trading insider trading policy is designed to ensure that no trader takes advantage of non-public information to gain an unfair advantage.

We believe that a robust insider trading policy is fundamental to maintaining trust and credibility in the financial markets. The Maverick Trading insider trading guidelines are comprehensive, covering all aspects of trading to prevent any potential misuse of confidential information. We continuously educate our traders on the importance of compliance and regularly review our policies to align with regulatory changes. This proactive approach helps us stay ahead of the curve and reinforces our dedication to ethical trading.

To further emphasize our commitment, we have implemented rigorous monitoring systems and regular audits to detect and prevent any unauthorized trading activities. Our traders are required to adhere strictly to our policies, and any violation is met with serious consequences, including termination and potential legal action. By taking such a firm stance, Maverick Trading ensures that all trading activities are conducted with the highest standards of integrity and professionalism.

We also provide continuous training and resources to help our traders understand and comply with our insider trading policy. Our goal is to create a culture of transparency where every trader is fully aware of the legal and ethical boundaries of their actions. The Maverick Trading insider trading policy is not just a set of rules but a reflection of our core values and commitment to ethical trading.

In summary, Maverick Trading places a strong emphasis on preventing insider trading through comprehensive policies, continuous education, and strict enforcement. Our dedication to ethical standards and regulatory compliance ensures a fair and trustworthy trading environment, upholding the integrity of the markets we operate in.

INSIDER TRADING POLICY

MAVERICK TRADING INC
STATEMENT OF POLICY 
PURSUANT TO THE 
INSIDER TRADING AND SECURITIES FRAUD ENFORCEMENT ACT OF 1988 
Effective May 4, 1998 
(Updated Sept 4th, 2024)

MaverickTrading Inc, Maverick Partners LLC and Maverick Return LLC (hereby collectively referred to as Maverick Trading) are involved in activities that require strict compliance with federal and state laws and regulations applicable to securities transactions. Of particular concern are laws and regulations that prohibit so called “insider trading.” Trading on inside information violates both federal and state civil and criminal statutes, and may subject an individual to imprisonment, fines or monetary damages. MAVERICK TRADING may also be subject to fines if its member(s)/associate(s)s engage in such conduct.

Information is considered ‘non-public,’ if it is not available to a significant number of participants in the market or the public at large. Information is material if it would be important to an investor in making a decision to buy or sell a security.
It is the policy of MAVERICK TRADING that all member(s)/associate(s)s comply with insider trading laws and regulations as may involve its activities or the activities of related firms and, further, refrain from any action that may cause even the appearance of impropriety.

A member(s)/associate(s) of MAVERICK TRADING, who has material non-public information about any corporation or the market for the securities of such corporations, shall:

1) not communicate that information or recommend any trade of securities or derivatives based on that information to any customer of MAVERICK TRADING, or to any person who is likely to cause any trade of securities or further promulgate that information and
2) not cause any further trade of securities based on that information for his or her own account, or for any account for which he or she has a personal interest, whether the interest is pecuniary or otherwise. Such accounts include held in the name of an immediate family member [e.g. spouse or minor children], of anyone in the household who may be considered a dependent of the member(s)/associate(s), or of a relative or friend of that member(s)/associate(s).

In accordance with the reporting requirements of its regulatory authorities, and in order to comply with the firm’s internal rules and monitoring requirements regarding restricted securities and insider trading, MAVERICK TRADING member(s)/associate(s)s and registered traders will be required to notify the Firm of the existence of outside brokerage accounts held in the name of the member(s)/associate(s), registered trader, or immediate family members to the Compliance Officer of MAVERICK TRADING.  The Firm will verify that all account statements received from outside brokers are properly identified on the corresponding account ID forms. If not, the account ID forms will be amended to bring them up to date. The firm tracks receipt of the statements on a monthly basis or quarterly basis if no activity. Once statements are received, they are reviewed first by Management and any activity is noted by symbol on the OBST for reference by the Compliance Officer. The Compliance Officer or designated Compliance staff then reviews the outside brokerage account statements for any unusual activity in accordance with the firm’s procedure including related activity between the outside brokerage accounts and the accounts held at MAVERICK TRADING. Such review will be documented by signing off on the spreadsheet or on the hard copy of the brokerage statements. This review will be done on a Quarterly basis. Should this review find unusual activity the Compliance Officer will report his findings at this time.

Exceptions to this policy will be made only in limited situations with the approval of the Compliance Officer. If permission is granted by the Compliance Officer, then duplicate confirmations and monthly statements must be sent by the outside firm directly to the Compliance Officer. All questions regarding outside accounts should be directed to the Compliance Officer.

All new member(s)/associate(s)s and registered traders of MAVERICK TRADING will be advised of this policy at the time of their employment and complete the attached form. All existing member(s)/associate(s)s and registered traders will be reminded periodically(semi-annually) of their obligation in this regard. If there are changes in the outside brokerage accounts MAVERICK TRADING will require notice within 10 days of the change.

MAVERICK TRADING INC – MEMBER(S)/ASSOCIATE(S) TRADING RULES
At the time of employment, all member(s)/associate(s)s are provided with a copy of our Statement of Policy regarding “insider trading.” Securities laws impose severe sanctions upon any individual who uses “inside information” for his/her own benefit or discloses it to others for their use. In addition, Maverick Trading Inc has an obligation to its clients to maintain confidentiality regarding their transactions.

In order to comply with Federal laws and to protect MAVERICK TRADING member(s)/associate(s) confidentiality,
Member(s)/associate(s)s may not base personal trading decisions on material non-public information or client information acquired in the performance of their duties. This includes information obtained from trading cards, phone orders or position summaries the member(s)/associate(s)s may handle for clients. 
In addition to the internal rules set forth in the MAVERICK TRADING Statement of Policy, certain restrictions are placed on the activities of MAVERICK TRADING member(s)/associate(s)s that are inherent to the conduct of the day-to-day business on the physical floor of the Exchanges. These include, but are not limited to:

Any orders to execute personal trades must be made on the member(s)/associate(s)’s own time. 
Any orders to trade either options or the stock underlying options listed on the appropriate and relevant exchange in an outside brokerage account from the trading floor must be pre-approved by the member(s)/associate(s)’s supervisor or a compliance staff.

Violations of the MAVERICK TRADING policies on insider trading or personal securities accounts are considered extremely serious and will [may] lead to disciplinary action, including possible termination of employment. Such a breach may also violate federal and state civil and criminal statutes and may subject the Individual to fines, imprisonment and monetary damages.

I have read and understand the Maverick Trading Inc Statement of Policy and Rules, pursuant to the Insider Trading & Securities Fraud Enforcement Act of 1988.

Please check the SEC’s page on Insider Trading