"A newly public financial disclosure filing has put a spotlight on the stock trades of one of the Federal Reserve's recently departed governors. Adriana Kugler - who stepped down from her post as the Fed's governor in August after being appointed in 2023 - filed a financial disclosure form that ethics officials declined to certify and referred to the central bank's inspector general's office for review."
"The report, which Kugler filed with the US Office of Government Ethics in September, lists trades that she or her spouse repeatedly made in individual company stocks - including Apple, Cava Group, Southwest Airlines, and Caterpillar - that are restricted under ethics rules announced by the Fed in 2021, following trading controversies involving senior policymakers. These types of ethics reports are a standard requirement for senior officials and are normally certified by agency ethics officers."
"In an earlier report filed in September 2024, Kugler disclosed individual stock trades, and stated they were made by her husband, Ignacio Donoso, an immigration attorney and founder and managing partner of Donoso & Partners in Bethesda, Maryland. In Kugler's latest report, she said the trades occurred without her knowledge and, in a 2024 disclosure, reported and divested the holdings at the dire"
Adriana Kugler stepped down as a Federal Reserve governor in August after being appointed in 2023. She filed a financial disclosure with the US Office of Government Ethics in September that lists repeated trades in individual company stocks. The report records trades in Apple, Cava Group, Southwest Airlines, and Caterpillar, which are restricted under Federal Reserve ethics rules announced in 2021. Agency ethics officials declined to certify the filing and the Office of Government Ethics referred the report to the Federal Reserve Board's Office of Inspector General for further review. An earlier disclosure stated the trades were made by her husband, Ignacio Donoso, who is an immigration attorney and managing partner of Donoso & Partners; Kugler reported and divested the relevant holdings.
Read at Business Insider
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