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Fed Chair Nominee Wosh Revises Financial Disclosure Documents
Golden Finance reports that on April 20th, Federal Reserve Chairman nominee Kevin Waugh revised his recently submitted financial disclosure form, which involves an investment fund. If confirmed as Federal Reserve Chairman, he will divest his interests in that fund.
In a document dated April 17th, which amends the original filing submitted on April 10th, Waugh wrote to the Federal Reserve’s ethics official, stating that if confirmed as Federal Reserve Chairman, “I will divest my holdings in the iShares S&P/Toronto Stock Exchange 60 Index Fund (XIU).”
He explained that the reason for this decision is that “the institutional ethics official subsequently informed me that my official duties would involve matters affecting the financial interests of the fund’s underlying holdings.”