#disclosure-rules

#disclosure-rules

A Fed official told Reuters that before resigning, Kugler asked Fed Chair Jerome Powell for a waiver to fix the disclosure issues and address investing rule violations tied to her spouse's trades including individual stock transactions and trades made around Fed policy meetings. The request was reportedly denied. As a result, Kugler missed a July 2025 Federal Open Market Committee (FOMC) meeting for personal reasons and, shortly after, resigned on Aug. 1.

"The SEC does not allege that Mr. Musk caused any investor harm. Rather, the SEC alleges that Mr. Musk late-filed a single beneficial ownership form three years ago, and fully corrected any alleged error immediately upon its discovery," they said in their Thursday filing. "There is no ongoing violation. There is no intent. There is no harm."