• DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
  • DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
No Result
View All Result

Elizabeth Warren Demands Insider Trading Investigation of the Fed

FTD Limited by FTD Limited
October 6, 2021
Reading Time: 2 mins read
A A
Elizabeth Warren Demands Insider Trading Investigation of the Fed
0
SHARES
25
VIEWS
tweetpostshare

Senator Elizabeth Warren called on the Securities and Exchange Commission to open an inquiry into transactions involving high-ranking Federal Reserve officials.

The Massachusetts Democrat Warren called for the agency to conduct a “sweeping review of all securities trades” by Fed officials to determine if they violated insider trading laws.

“The reports of this financial activity by Fed officials raise serious questions about possible conflicts of interest and a reveal a disregard for the public trust,” Warren wrote in a letter to SEC Chairman Gary Gensler.

Warren said, “reflect atrocious judgment by these officials, and an attitude that personal profiteering is more important than the American people’s confidence in the Fed.”

Following Warren’s letter, the Fed sent a statement Monday evening stating that it had begun conversations with the Fed’s Office of Inspector General last week to launch an independent investigation.

“We welcome this review and will accept and take appropriate actions based on its findings,” a Fed spokesperson said.

“If these trades were based on Fed officials’ knowledge of non-public, market moving information, they may have represented potentially illegal activity,” Warren wrote.

Powell Stated that the Fed is Aware of the Need to Revise its Guidelines

The Fed’s own guidelines for senior officials say they should “carefully avoid engaging in any financial transaction the timing of which could create the appearance of acting on inside information concerning Federal Reserve deliberations and actions.”

“It’s really not working now. We understand that,” Powell said of the Fed’s existing rules. “The appearance is obviously unacceptable.”

Warren questioned why Powell did not prevent the trading activity, which she claimed “corrode the Fed’s credibility and efficacy.”

Learn more about us
Tags: Elizabeth Warren
TweetShareShareSend
Previous Post

Oil Prices Continued to Rise After OPEC

Next Post

Charles Evans, Chicago Fed President: Inflation Ultimately Will Fall

Related Posts

Inflation in Tokyo is at its highest in 40 years
DAILY UPDATES

Inflation Slowed in Japan

Asian stocks fell
DAILY UPDATES

Asian Stocks Fall After Fed

Fed's biggest interest rate hike expected
DAILY UPDATES

Fed Raises Interest Rates in Line With Expectations, Signaling a Continuation of Increases

Big Interest Rate Hike Expected in the UK
DAILY UPDATES

UK Inflation Hit Double Digits by Surprise

Important statements from ECB President Christine Lagarde
DAILY UPDATES

Lagarde: Eurozone Banking Sector is Resilient

Oil fell.
DAILY UPDATES

Oil Slumps Before Fed

Next Post
Chicago Fed President Charles Evans told CNBC that the current spate of inflation wouldn't last and ultimately will fall below the central bank's target.

Charles Evans, Chicago Fed President: Inflation Ultimately Will Fall

You might also like

CFDs vs Futures: Understanding the Key Differences to Make Informed Trading Decisions

CFDs vs Futures: Understanding the Key Differences to Make Informed Trading Decisions

trading strategy

7 Steps to Create a Successful Trading Strategy

algorithmic trading

A guide to creating a successful algorithmic trading strategy

Algorithmic trading in forex, cfds and indices

Basics of Algorithmic Trading: Concepts and Strategies

FTD Limited offers Introducing Brokers Program

How to become an introducing broker? Learn easy in 4 steps

Psychology of trading plays a vital role in one's trading decisions

Trading Psychology: How to Build a Successful Trading Mind

Recent Posts

  • Silver’s Momentum Eases as Sell Signals Accumulate
  • CFDs vs Futures: Understanding the Key Differences to Make Informed Trading Decisions
  • Core Inflation Increased Downward Potential of USDJPY
  • Inflation Slowed in Japan
  • Federal Reserve Takes Action to Address Banking Sector Issues and Inflation
FTD Limited

The content of the site is presented for informational purposes only not to give any investment advice which mainly focuses on financial instruments such as Forex, Spot Metals, CFDs, and Indices.

MENU

  • DAILY UPDATES
  • MARKETS
  • ANALYSIS
  • ARTICLES

Latest Articles

  • Silver’s Momentum Eases as Sell Signals Accumulate
  • CFDs vs Futures: Understanding the Key Differences to Make Informed Trading Decisions
  • Core Inflation Increased Downward Potential of USDJPY

Subscribe to our newsletter and get notified about the next update.

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    No Result
    View All Result
    • DAILY UPDATES
    • MARKETS
      • Forex
      • CFDs
      • Spot Metals
      • Indices
    • ANALYSIS
      • Fundamental Analysis
      • Technical Analysis
    • ARTICLES

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.