Senator Elizabeth Warren Puts the Heat on the SEC to Investigate Fed Officials for Insider Trading | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Senator Elizabeth Warren Puts the Heat on the SEC to Investigate Fed Officials for Insider Trading

In a publicly-released letter issued today to SEC Chairman Gary Gensler, Senator Elizabeth Warren has put Fed Chairman Jerome Powell on notice that his plans to conduct a self-investigation of the Fed’s trading scandal isn’t going to fly with her. Warren is a member of the powerful Senate Banking Committee that oversees the Federal Reserve.

Warren called on the SEC to “investigate trading in securities by high-level Federal Reserve officials and determine if any of these ethically questionable transactions may have violated insider trading rules.”

Warren characterized the trading by Fed officials as reflecting “an attitude that personal profiteering is more important than the American people’s confidence in the Fed.”

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