Fed Governor Violated Ethics Rules in Stock Trades
Update: 2025-11-15
Description
Former Federal Reserve governor, Adriana Kugler, violated ethics rules with stock trades during blackout periods, including trades in Southwest Airlines, Apple, Caterpillar, and Fortinet. She disclosed more than a dozen individual stock trades, with the largest being a $100,000 to $250,000 Apple stock purchase in April. Kugler, the first Hispanic Fed governor, was appointed in 2023 and stepped down in August.
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