Fed announces strict new trading rules for senior officials

The Federal Reserve Board of Governors announced it would adopt strict new regulations barring its officials from investing in individual stocks and bonds (October 21).

The board’s new rules will impose tighter disclosure rules and prohibit trading during times of “heightened financial market stress”.

The Fed’s announcement said the rules would limit officials to stakes in “diversified investment vehicles, like mutual funds”. The rules would also place agency securities and derivatives out of

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