'Fed's Bostic Made Multiple Trades in Blackout Period Before May 2022 FOMC Meeting; Atlanta Chief's Money Manager Made 19 Transactions In Blackout; Bostic Moved All Assets Out Of The Managed Accounts In 2022' - Bloomberg
Portfolio Pulse from Benzinga Newsdesk
Atlanta Fed President Raphael Bostic's money manager made 19 transactions during the blackout period before the May 2022 FOMC meeting. Bostic moved all assets out of the managed accounts in 2022.
June 15, 2023 | 6:43 pm
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Bostic's money manager made multiple trades during the blackout period before the May 2022 FOMC meeting, which may raise concerns about insider trading.
The news about Bostic's money manager making multiple trades during the blackout period before the FOMC meeting may raise concerns about insider trading. This could negatively impact investor sentiment and potentially lead to a short-term decline in the SPY ETF, which tracks the S&P 500 index.
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