October 04, 2021

New York Times: Elizabeth Warren Calls for an insider trading inquiry at the fed

Senator Elizabeth Warren, Democrat of Massachusetts, called on Monday for an investigation into whether top Federal Reserve officials engaged in insider trading in 2020, when some bought and sold securities that could have benefited from central bank policy moves.

Ms. Warren, a powerful lawmaker who sits on the committee that oversees the Fed, sent a letter to the Securities and Exchange Commission chair, Gary Gensler, asking him to look into transactions that three central bank officials carried out last year.

Richard H. Clarida, the Fed’s vice chair, and two of the central bank’s 12 regional presidents — Robert S. Kaplan from the Federal Reserve Bank of Dallas and Eric S. Rosengren from the Federal Reserve Bank of Boston — engaged in transactions that have drawn blowback.


Read the full story here.

By:  Jeanna Smialek
Source: New York Times