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  • Fed announces new rules to restrict trading by senior officials

    *FED ANNOUNCES NEW RULES TO RESTRICT TRADING BY SENIOR OFFICIALS

    — zerohedge (@zerohedge) October 21, 2021
Added at 2:01pm
  • Federal Reserve Board announces a broad set of new rules that will prohibit the purchase of individual securities, restrict active trading

    From federalreserve.gov

    Following a comprehensive review, the Federal Reserve Board on Thursday announced a broad set of new rules that will prohibit the purchase of individual securities, restrict active trading, and increase the timeliness of reporting and public disclosure by Federal Reserve policymakers and senior staff. As a result of the new policies, senior Federal Reserve officials will be limited to purchasing diversified investment vehicles, like mutual funds. The new restrictions will apply to both Reserve Bank and Board policymakers and senior staff and prohibit them from purchasing individual stocks, holding investments in ... (full story)

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  • Oct 21, 2021 2:10pm Oct 21, 2021 2:10pm
  •  Momofrmnyc
  • | Joined May 2019 | Status: Rolling in the Pippppssss! | 687 Comments
In 2021 this is now just becoming law. A failure from top to bottom.
The markets are like water it ebbs and flows.
 
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  • Oct 21, 2021 9:53pm Oct 21, 2021 9:53pm
  •  Guest
  • | IP XX.XXX.67.92
Corruption is always top to bottom
 
 
  • Comment #3
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  • Oct 21, 2021 10:46pm Oct 21, 2021 10:46pm
  •  Subdude
  • | Joined Aug 2007 | Status: If it walks like a duck... | 540 Comments
What difference does it make? So they can't buy individual stocks - why would they bother anyway, just print more money and buy index funds like SPY/DIA/QQQ.

Lather, rinse, repeat. "Tough new rules"? I could live with those, if I was in Jerry's shoes.
 
 
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  •  Guest
  • | IP X.XXX.181.138
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  • Story Stats
  • Posted: Oct 21, 2021 2:00pm
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 3  /  Views: 1,080
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