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Federal Reserve Board issues enforcement action with former employee of Manufacturers and Traders Trust Company

Fed-and-SEC desk, TradeNews USA (2026-06-18): June 18, 2026 Federal Reserve Board issues enforcement action with former employee of Manufacturers and Traders Trust Company For release at 11:00 a.m. EDT… Primary source: original at Federal Reserve (federalreserve.gov).

· Federal Reserve

Federal Reserve Board issues enforcement action with former employee of Manufacturers and Traders Trust Company

The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below:

Consent prohibition order against Matthew Cheong
Former employee of Manufacturers and Traders Trust Company
Embezzlement by bank employee

Additional enforcement actions can be searched for here.

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