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93x27: Mutual Funds that Hold Stock in Companies Doing Business with an Employee’s Agency

October 7, 1993

No government-wide statute or regulation bars a federal employee from buying into a mutual fund that holds stock in companies doing business with the employee's agency; however, specific agencies may have such rules. 18 U.S.C. § 208(a) bars an employee from acting in a matter having a direct and predictable effect on a company in which he owns stock.

(link to PDF version)