WASHINGTON—President Trump’s nominee to the agency that regulates the vast derivatives market is no stranger to risky bets. Three bets on options or individual stocks were larger than $50,000 each. Ethics rules don’t ban government officials from trading, as long as they steer clear of conflicts of interest and don’t take advantage of inside information, which Mr. Bowes said he didn’t. What was unusual, ethics experts said, was the frequency of his transactions, the high-stakes bets he sometimes made and the exotic securities he sometimes traded. On several occasions in 2018 and 2020, he bought and sold thousands of dollars of options on the same day.

Source: Wall Street Journal September 28, 2020 13:02 UTC