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Fed bans ex-banker, fines 3 others over data handling

January 16, 2024

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The Federal Reserve Board last week banned a former banker from future work in the industry and issued enforcement actions against three others over their mishandling of sensitive information, according to a Thursday press release from the central bank.

John Freeze, former CFO of Jackson, Wyoming-based Bank of Jackson Hole, received more than 280,000 electronic documents — some of which contained confidential supervisory information belonging to the Fed board — shortly after he was terminated from the bank in 2019, the central bank asserted.

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