Warren urges SEC to open insider trading probe into Fed Vice Chair Clarida, others

Sen. Elizabeth Warren on Monday urged the Securities and Exchange Commission to investigate whether three Federal Reserve leaders violated insider trading rules in 2020, when they bought and sold assets as the central bank ramped up efforts to save the U.S. economy from economic turmoil.

Warren, who sits on the congressional committee that oversees the Fed, pressed SEC Chairman Gary Gensler in a letter to look into “ethically questionable transactions” made by Fed Vice Chair Richard Clarida and regional Presidents Robert Kaplan and Eric Rosengren.