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Stock impact report

SEC charges ex-Fed examiner with insider trading [Yahoo! Finance]

Capital One Financial Corporation (COF) 
Last capital one financial corporation earnings: 4/23 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
In its complaint, the SEC accused Robert Thompson of Mosely, Virginia, of illegally trading securities for New York Community Bancorp and Capital One Financial Corp., both of which were within his supervisory purview. The agency also alleged that Thompson submitted false disclosure statements about his conflicts of interest. Thompson worked as the deputy central point of contact for the Large & Foreign Banking Organizations, or LFBO, group within the Fed, the supervisory team responsible for U.S. firms with assets of $100 billion or more and foreign banking organizations with combined U.S. assets of $100 billion or more. The program is a shared responsibility between regional reserve banks — in this case, the Richmond Fed — and board of governors. In his position, Thompson regularly received, reviewed and discussed information about all 18 banks within the LFBO portfolio, the SEC said, including documents known as material nonpublic information. This included unreleased earnings; Show less Read more
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