Fed asks watchdog to review officials’ trading

Published by
AFP

Washington (AFP) – The Federal Reserve has asked its watchdog to investigate the trading activities of senior officials, the US central bank said Monday, after two resigned following criticism of their stock market activities. “As part of our comprehensive review, we began discussions last week with the Office of Inspector General for the Federal Reserve Board to initiate an independent review of whether trading activity by certain senior officials was in compliance with both the relevant ethics rules and the law,” a Fed spokesperson said. “We welcome this review and will accept and take appro…

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