Ex-Fed Examiner’s Capital One, NYCB Trading Draws SEC Suit (1)

A former examiner and senior banking supervisor at the Federal Reserve Bank of Richmond illegally traded using nonpublic information about Capital One Financial Corp. and New York Community Bancorp Inc., the Securities and Exchange Commission said.

Robert Brian Thompson’s personal brokerage trading activity allegedly violated prohibitions on trading in bank securities, given the conflicts of interest his supervisory and regulatory responsibilities presented, according to the SEC’s complaint filed Nov. 8 in the US District Court for the Eastern District of Virginia. Thompson also attempted to evade scrutiny by submitting false conflict-of-interest certifications to the Fed, the SEC said.

The ...