Former Fed Gov. Kugler violated trading rules while at the central bank, ethics report found

Core Points - Adriana Kugler, a former Federal Reserve Board Governor, violated the central bank's stock trading rules according to a report from the U.S. Government Ethics Office [1] - Kugler resigned from the Fed's Board of Governors three months after her appointment in September 2023, with her financial disclosure report filed on September 11 being declined for certification by Ethics Office officials [2] - The Ethics Office referred the matter to the independent Office of Inspector General for further investigation [3] - Kugler stated that certain trading activities were conducted by her spouse without her knowledge, asserting that there was no intention to violate any rules or policies [4]