Former local Federal Reserve manager pleads guilty to insider trading

A former senior manager at the Federal Reserve Bank of Richmond pleaded guilty to insider trading and making false statements on Tuesday, according to a press release from the U.S. Department of Justice. The release said Robert Brian Thompson, 43, of Mosley, pleaded guilty to one count of insider trading and one count of making false statements. The DOJ said that according to court documents Thompson misappropriated confidential information to execute trades in publicly traded financial institutions from October 2020 until February 2024. Thompson worked as a bank examiner and...