Atlanta Fed President Raphael Bostic violated ethics policies with securities trades during "blackout" periods and inaccurate reporting.
An investigation by the Federal Reserve's Office of Inspector General found that Atlanta Fed President Raphael Bostic violated ethics policies through securities trades during "blackout" periods and inaccurate reporting on disclosure forms. Despite creating the appearance of using confidential information, Bostic did not break federal insider trading or conflict of interest laws. He acknowledged these violations in 2022 and revised his disclosures, which the Atlanta Fed accepted.
September 11, 2024
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