Fed Governor Violated Ethics Rules in Stock Trades

Former Federal Reserve governor, Adriana Kugler, allegedly breached ethics rules with multiple stock trades, including those in Southwest Airlines, Apple, Caterpillar, and Fortinet. The largest trade was an Apple stock purchase worth between $100,000 and $250,000. Kuglers spouse was involved in some trades without her knowledge. The Fed prohibits officials from trading individual stocks, bonds, or cryptocurrencies, except for diversified investments, and during blackout periods around Fed meetings. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.