Posted on 10/21/2021 1:58:50 PM PDT by dynachrome
The Federal Reserve on Thursday banned individual stock purchases by its top officials and unveiled a broad set of other restrictions on their investing activities, taking action roughly six weeks after reports of active trading by some U.S. central bank policymakers triggered an ethics uproar.
The new rules will limit the types of financial securities the Fed's top officials can own, including a ban on purchasing individual stocks or holding individual bonds and agency-backed securities. It also requires a 45-day advance notice and approval of any transaction and stipulates investments be held for at least a year.
"These tough new rules raise the bar high in order to assure the public we serve that all of our senior officials maintain a single-minded focus on the public mission of the Federal Reserve," Fed Chair Jerome Powell said in a statement.
(Excerpt) Read more at reuters.com ...
This, of course, does not impact the Pelosi Fund.
The heat is on.
They’ll reverse it all as soon as nobody’s looking, just like Congress when they banned insider trading.
I’ll be happy if they ever go after Congressional Members and their staff.
Do we want people running the Fed who are not making profits on their investments?
Sure, they are all rich now. Where’s the accountability?
>>The Federal Reserve on Thursday banned individual stock purchases by its top officials<<
You mean this wasn’t already illegal? Good grief!
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