Today news
About the same in other media
Fed to ban policymakers from owning individual stocks, restrict trading following controversy
Reading now: 800
cnbc.comResponding to a growing controversy over investing practices, the Federal Reserve on Thursday announced a wide-ranging ban on officials owning individual stocks and limits on other activities as well.
The ban includes top policymakers such as those who sit on the Federal Open Market Committee, along with senior staff. Future investments will have to be confined to diversified assets such as mutual funds.
Fed officials can no longer have holdings in shares of particular companies, nor can they invest in individual bonds, hold agency securities or derivative contracts. The new rules replace existing regulations that, while somewhat restrictive, still allowed members to buy and sell stocks.
«These tough new rules raise the bar high in order to
Read more on cnbc.comAbout this in other media
Fed board member to leave by 2022, leaving Biden to fill 3 seats cointelegraph.com /3 years ago
Fed Says U.S. Public Health Among Biggest Near-Term Risks to Financial System wsj.com /3 years ago
Fed Vice Chair Clarida says another year of inflation like this one would not be 'a policy success' cnbc.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
