Atlanta Fed's Bostic violated trading rules, US central bank watchdog says [Yahoo! Finance Canada]
Genesis Energy, L.P. Common Units (GEL)
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Source: Yahoo! Finance Canada
By Michael S. Derby (Reuters) - Atlanta Federal Reserve President Raphael Bostic violated U.S. central bank policies governing how officials could trade and invest, the Fed's in-house watchdog said on Wednesday, while noting that he did not trade based on confidential information. Bostic "created an 'appearance of acting on confidential FOMC information' under the (Federal Open Market Committee) blackout rule and an 'appearance of a conflict of interest' that could cause a reasonable person to question his impartiality" under the Atlanta Fed's code of conduct, according to a report by the Office of Inspector General for the central bank. The IG report on Bostic's finances is the third and likely last to detail issues with the investing and trading activities of some current and former Fed policymakers. Documents made public in September 2021 showed the presidents of the Fed's regional banks in Dallas and Boston at that time actively traded in markets while helping set monetar
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GEL
Sec Filings
- 11/18/24 - Form 8-K
- 11/13/24 - Form SC
- 11/12/24 - Form 4
- GEL's page on the SEC website