Investment Ban for Senior Federal Officials and Their Families
New rules aim to boost public trust in government. They prohibit senior federal employees, their spouses, and dependent children from holding or trading specific financial instruments. This is to prevent conflicts of interest and ensure government decisions are made for public benefit, not personal financial gain.
Key points
Senior federal employees, their spouses, and dependent children cannot buy, sell, or hold stocks, bonds, or commodities.
Exceptions include diversified mutual funds, U.S. Treasury bonds, and assets held in qualified blind trusts.
Violations can lead to forfeiture of profits, inability to deduct tax losses, and civil fines.
Officials must annually certify compliance, and this information will be publicly available.
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