The Securities and Exchange Commission alleges that senior banking supervisor Robert Brian Thompson traded shares in Capital One and New York Community Bancorp based on insider information, earning almost $585,000 in profits, while falsifying certifications to the Federal Reserve.
Despite previous scandals involving high-ranking Federal Reserve officials engaging in insider trading, the SEC aims to demonstrate that such behavior will not be tolerated at any level, as evidenced by its lawsuit against Thompson.
#insider-trading #federal-reserve #securities-and-exchange-commission #financial-regulation #corporate-governance
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