( ) -q-29- UNDATED (Correspondent Jeremy House) “his financial disclosures.” A government investigation into Atlanta Federal Reserve President Raphael Bostic’s securities trades and investments has found he violated several of the central bank’s ethics policies. [CutID: <Cuts> FED-ETHICS-POLICIES-house-q-THUam.mp3 Time: 29s Title: FED-ETHICS-POLICIES-house-q-THUam Out-cue: his financial disclosures] TAG: Correspondent Jeremy House reporting. ————————— VERBATIM: The violations […]
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Fed official broke ethics rules but didn’t violate insider trading laws
( ) -q-29- UNDATED (Correspondent Jeremy House) “his financial disclosures.”
A government investigation into Atlanta Federal Reserve President Raphael Bostic’s securities trades and investments has found he violated several of the central bank’s ethics policies.
[CutID: <Cuts> FED-ETHICS-POLICIES-house-q-THUam.mp3
Time: 29s
Title: FED-ETHICS-POLICIES-house-q-THUam
Out-cue: his financial disclosures]
TAG: Correspondent Jeremy House reporting.
—————————
VERBATIM: The violations created the appearance that Bostic acted on confidential Fed information and that he had a conflict of interest. But according to a report, the Fed’s Office of Inspector General concluded there was no violation of federal insider trading or conflict of interest laws. In 2022, Bostic acknowledged that many of his financial trades and investments inadvertently violated the Fed’s ethics rules and said he took action to revise all his financial disclosures.