Warren Asks SEC to Investigate Trading by Fed Officials

Actions ‘raise serious questions’ about conflicts of interest
Warren writes to SEC boss urging a probe after 2020 trades

WATCH: Powell said on Sept. 28 the central bank is reviewing its trading rules.(Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Craig Torres

October 4, 2021 at 5:24 PM UTC

Updated on

October 4, 2021 at 8:04 PM UTC

This article is for subscribers only.

Senator Elizabeth Warren called on the Securities and Exchange Commission to investigate whether stock transactions by top Federal Reserve officials violated insider trading rules.

“The reports of this financial activity by Fed officials raise serious questions about possible conflicts of interest and reveal a disregard for the public trust,” the Massachusetts Democrat wrote in a letter to SEC Chairman Gary Gensler. “They also reflect atrocious judgement by these officials, and an attitude that personal profiteering is more important than the American people’s confidence in the Fed.”