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  • SEC Updates Ethics Rules Governing Securities Trading by Agency Personnel

    Date 22/02/2024

    The Securities and Exchange Commission today adopted amendments to its ethics rules to strengthen and modernize its ethics compliance program. The amendments update the SEC’s existing, robust ethics requirements that govern the securities holdings and transactions of all agency employees, their spouses, and minor children. The rule was adopted jointly with the Office of Government Ethics. 

  • Federal Reserve Governor Lisa D. Cook, At "Macrofinance In The Long Run: New Insights On The Global Economy" 2024 Annual Conference Of The Julis-Rabinowitz Center For Public Policy & Finance At Princeton's School Of Public And International Affairs, Princeton, New Jersey

    Date 22/02/2024

    Thank you, Gianluca, and thank you for the opportunity to speak to you today. Let me begin by recognizing the Department of Economics at Princeton for its history of nurturing and supporting scholars in reaching their full potential. Some of the most important, transformative conversations I have had in my career have happened on this campus and with economists making significant contributions to the field. Let me start with the last time I was here. When I was a post doc at Stanford, I emailed Alan Krueger out of the blue and attached an early version of a new paper, asking him if he would meet with me for an hour to discuss it. Because of his experience with large data sets, and his curiosity, thoughtfulness, and generosity, one hour turned into three hours. And he brought along a new assistant professor, Dean Karlan. Not only did I learn a tremendous amount from Alan during that encounter, almost ten years later, I learned even more from him working as a senior economist at the Council of Economic Advisers when Alan was Chair. It is a great legacy of your department that you provided the conditions and support for Alan to make his seminal contributions to economics.

  • SEC Charges Husband Of Energy Company Manager With Insider Trading - Spouse Purchased Stock Using Non-Public Information About Planned Merger

    Date 22/02/2024

    The Securities and Exchange Commission today charged Tyler Loudon of Houston, Texas, with insider trading ahead of a February 2023 announcement that London-based oil and gas company BP p.l.c. agreed to acquire TravelCenters of America Inc., a full-service truck stop and travel center company headquartered in Ohio. Loudon allegedly made $1.76 million in illegal profits from his trading.

  • FIA January 2024 SEF Tracker

    Date 22/02/2024

    Trading volume on swap execution facilities reached a record $1.48 trillion in average notional value per day during January 2024. This was up 74.6% from the previous month and up 38.1% from the same month of the previous year. Compared to December 2023, trading was up in every sector.

  • False Claims Act Whistleblowers Recovered Over $2.3 Billion In FY 2023

    Date 22/02/2024

    In the 2023 Fiscal Year, the Department of Justice (DOJ) recovered over $2.3 billion in qui tam whistleblower cases, according to agency’s False Claims Act (FCA) statistics released today. The DOJ recovered a total of $2.68 billion from FCA settlements and judgments over the course of the year: meaning that whistleblower cases were responsible for more than 85% of the DOJ’s total FCA recoveries.