Former Fed Board Governor Adriana Kugler Allegedly Breached Trading Rules

Former Federal Reserve Board Governor Adriana Kugler resigned in August after new disclosures revealed she violated the Fed’s strict trading restrictions, according to a report citing the U.S. Office of Government Ethics. The disclosures show that Kugler (or her spouse acting without her knowledge) bought and sold individual company stocks — including AAPL (Apple), LUV (Southwest Airlines) and Cava Group — during blackout periods prior to policy‑making meetings when such trades are banned. The rules prohibit Board members, their spouses and dependents from trading individual stocks, cryptocurrencies, commodities or foreign exchange, and bar transactions roughly two weeks before rate‑setting meetings. Earlier this year the Fed revised its policies after other policymakers were found trading while steering pandemic‑era interventions. Kugler's effort in July to obtain a waiver from Chair Jerome Powell to liquidate holdings during a blackout period was denied. Her internal ethics filings date back to October 2024; training uncovered further possible violations and flagged trades reached as high as about $250,000. At the time of her departure, she stated it had been “an honor of a lifetime to serve … during a critical time in achieving our dual mandate of bringing down prices and keeping a strong and resilient labor market.” #FederalReserve #InsiderTrading #AdrianaKugler #EthicsViolation #SlimScan #GrowthStocks #CANSLIM