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Originally Posted by ELA
Perhaps a trainer or someone involved with a governing body or something of the like can clarify this, however -- when a trainer gets suspended, besides being barred from the grounds, the racing commission or board can prohibit him/her from speaking with their assistant? I would want to see some site on that.
In addition, the same applies to financial side?
I am sure it doesn't happen, but are the rules clear on this?
Can anyone clarify this?
Eric
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I just called my buddy from the CHRB. He wasn't home. I will talk to him in the next day or so and get some clarification. I did talk to him about this though a couple of months ago. I was asking him how big a deal it is when a trainer gets a long suspension and the horses are put in the assistant's name. I had assumed what many on this board assumed. I assumed that even though the horses are running under the assistant's name, that the main trainer was still getting the money and the main trainer was still calling the shots. He told me that the head trainer is not allowed to get any money and if he gets caught taking the money from the assistant that he would be in big trouble. He also told me that they can check bank records. I'm not as clear on what he told about communication between the assistant and the head trainer. I could have sworn that he told me that the head trainer is not allowed to be communicating with the assitant trainer and running the show. I thought he said that there was to be no communication between the trainer and the barn. I will get some clarification on this when I talk to him.
By the way, just to give you guys an idea of how far government agencies will go at times, I have a friend who bought just a small amount of stock in a company a few days before they got bought out. He didn't have a huge position by any means. He had bought about 300 shares of this $12 stock. Then a month later, he bought another 700 shares at about $15. The company got bought out for $18 a share a few days later. About a year or so later, my friend got a subpoena from the SEC. Not only did he have to go to their offices and answer questions for hours, but they checked his phone records, they checked all of his bank statements, they demanded he hand over his address book, etc. They thought that maybe he had gotten some inside information on the stock. Anyway, nothing ended up happening to my friend. There was no evidence that he had any inside information. But this just gives you an idea how powerful these government agencies are. By the way, this incident happened back in the early 1990s.