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Former Fed Governor Kugler's trading activity scrutinized, documents show

BY Reuters | ECONOMIC | 11/15/25 11:18 AM EST

By Michael S. Derby

NEW YORK, Nov 15 (Reuters) - Adriana Kugler, a Federal Reserve governor who abruptly resigned her position in August, filed a financial disclosure form for investments that the central bank's ethics officer declined to certify.

The form filed with the Office of Government Ethics and made public on Saturday noted inadvertent trading activity by Kugler's husband that was forbidden under central bank ethics rules.

Issues with her spouse's trading came up in her annual disclosure released last year. The document released on Saturday, first reported by the New York Times, also noted that the matter had been referred to the Fed's Inspector General, an in-house watchdog. (Reporting by Michael S. Derby; Editing by Andrea Ricci)

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