Sen. Elizabeth Warren (D., Mass.) asked the Securities and Exchange Commission to investigate whether personal financial investments by senior Federal Reserve officials, including Vice Chairman Richard Clarida, violated insider-trading rules.
In a letter to SEC Chairman Gary Gensler on Monday, Ms. Warren said the agency should determine the legality of “ethically questionable transactions” by three Fed officials. Two of those officials, Boston Fed President Eric Rosengren and Dallas Fed President Robert Kaplan, resigned from their positions last week after disclosure forms released in early September and first reported by The Wall Street Journal showed both men traded extensively in individual stocks last year.
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Source:" WSJ "