SECURITIES

SEC Joins Probe of Ex-Fed Governor: A Federal Reserve probe into whether former Fed Gov. Wayne Angell leaked secret central bank information for profit has been sent to the Securities and Exchange Commission. Fed Inspector General Brent Bower handed his report on Angell to the SEC earlier this week, Rep. Henry B. Gonzalez (D-Tex.), noted in a letter to SEC Chairman Arthur Levitt Jr. Gonzalez is chairman of the House Banking Committee. In the letter, he urged the SEC to widen the Fed’s investigation to see what Angell told fee-paying clients about Fed policy shortly after he left the central bank in February. Angell was reported in April to have given clients key information about interest rates that he may have learned at the Fed.