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A report from the U.S. Office of Government Ethics released Saturday found that Adriana D. Kugler, who stepped down as a Federal Reserve governor in August, repeatedly violated the central bank’s trading rules. Newly disclosed forms show multiple purchases and sales of individual stocks, including Apple, Southwest Airlines, and Cava, many during blackout periods before policy meetings when such trades are barred. Kugler wrote that the transactions were made by her husband without her knowledge and that he did not intend to violate any rules. This is a developing story.

Prepared by Christopher Adams and reviewed by editorial team.