

Bring Fed President Kaplan to Trial for Criminal Charges of Insider Trading!


Bring Fed President Kaplan to Trial for Criminal Charges of Insider Trading!
The Issue
Robert Steven Kaplan is president and CEO of the Federal Reserve Bank of Dallas. He was appointed to the position on September 8, 2015. Prior to joining the Dallas Fed, Kaplan was vice chairman of the Goldman Sachs Group, Inc. with global responsibility for the firm's Investment Banking and Investment Management Divisions.
Kaplan traded stocks and other securities in 2020, a year in which the central bank (Federal Reserve) took emergency steps to prop up financial markets and prevent their collapse. Million-dollar stock transactions were made by Mr. Kaplan. Some of his holdings include Johnson & Johnson, Delta Airlines, and Chevron among many others. It should be noted that Delta Airlines received at least two government bailouts and Johnson & Johnson received a $450 million dollar contract from the government.
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. Based on the fact the Federal Reserve creates and implements policies that directly effect the stock market and the individual stocks that Mr. Kaplan held and traded he was privy to information that was not in the public domain. He uses his "insider" information at the Federal Reserve to make trades and profit from those trades. As such Mr. Kaplan should be brought on Federal Charges of insider trading at the highest level and criminally prosecuted for doing so.

The Issue
Robert Steven Kaplan is president and CEO of the Federal Reserve Bank of Dallas. He was appointed to the position on September 8, 2015. Prior to joining the Dallas Fed, Kaplan was vice chairman of the Goldman Sachs Group, Inc. with global responsibility for the firm's Investment Banking and Investment Management Divisions.
Kaplan traded stocks and other securities in 2020, a year in which the central bank (Federal Reserve) took emergency steps to prop up financial markets and prevent their collapse. Million-dollar stock transactions were made by Mr. Kaplan. Some of his holdings include Johnson & Johnson, Delta Airlines, and Chevron among many others. It should be noted that Delta Airlines received at least two government bailouts and Johnson & Johnson received a $450 million dollar contract from the government.
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. Based on the fact the Federal Reserve creates and implements policies that directly effect the stock market and the individual stocks that Mr. Kaplan held and traded he was privy to information that was not in the public domain. He uses his "insider" information at the Federal Reserve to make trades and profit from those trades. As such Mr. Kaplan should be brought on Federal Charges of insider trading at the highest level and criminally prosecuted for doing so.

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Petition created on September 11, 2021