Federal Reserve is banning officials from buying individual stocks and restricting active trading
CNN
The Federal Reserve announced new trading rules on Thursday following a controversy over trades made by senior officials.
The Fed said the new rules will ban policymakers and senior staff from buying individual stocks and bonds and will restrict active trading. The central bank pledged to also increase the frequency of reporting and public disclosures.
The new policy means senior Fed officials will be limited to buying vanilla investment vehicles such as mutual funds.
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