A former bank president accused of leaking...
- Share via
A former bank president accused of leaking confidential interest rate data while he was a director of the New York Federal Reserve Bank pleaded innocent to insider trading charges. Robert A. Rough was accused of leaking information on the discount rate set by the Federal Reserve Bank in Washington to principals at Bevill, Bresler & Schulman Inc., a Livingston, N.J., brokerage firm that later collapsed. The government alleged that Bevill Bresler made millions of dollars and avoided millions in losses because of the information, which Rough allegedly exchanged for $47,000 in interest-free loans.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
