FACA
Figure Acquisition Corp. I
stock NYSE

The Securities Exchange Act governs the trading of securities and aims to prevent fraud and insider trading. If the Secretary has any positions in what they are telling people to buy or otherwise benefits from the market’s reaction it’s form of insider trading.
The Ethics in Government Act specifies standards of conduct for government employees to prevent conflicts of interest. Recommending specific stocks is a clear a conflict between personal financial interests and his public duties.
Federal Advisory Committee Act (FACA): If the recommendation is the result of of his advisory committee, it’s subject to FACA, which regulates how advisory committees operate to ensures transparency and exactly this sort of conflict.
Office of Government Ethics (OGE) primarily regulate federal employees’ outside employment and conflicts such as the foreign emoluments clause of The Constitution, which prohibits any federal officials from accepting gifts or other emoluments (any kind of personal profits or benefits), offices, or titles from outside the country. There’s a similar one called the domestic emoluments clause. It (ironically) is based in the notion that everything should be provided (including a good salary) so they’re not tempted.

The Securities Exchange Act governs the trading of securities and aims to prevent fraud and insider trading. If the Secretary has any positions in what they are telling people to buy or otherwise benefits from the market’s reaction it’s form of insider trading.
The Ethics in Government Act specifies standards of conduct for government employees to prevent conflicts of interest. Recommending specific stocks is a clear a conflict between personal financial interests and his public duties.
Federal Advisory Committee Act (FACA): If the recommendation is the result of of his advisory committee, it’s subject to FACA, which regulates how advisory committees operate to ensures transparency and exactly this sort of conflict.
Office of Government Ethics (OGE) primarily regulate federal employees’ outside employment and conflicts such as the foreign emoluments clause of The Constitution, which prohibits any federal officials from accepting gifts or other emoluments (any kind of personal profits or benefits), offices, or titles from outside the country. There’s a similar one called the domestic emoluments clause. It (ironically) is based in the notion that everything should be provided (including a good salary) so they’re not tempted.