18 CFR § 706.204 - Financial interests.

---
identifier: "/us/cfr/t18/s706.204"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "18 CFR § 706.204 - Financial interests."
title_number: 18
title_name: "Conservation of Power and Water Resources"
section_number: "706.204"
section_name: "Financial interests."
chapter_name: "WATER RESOURCES COUNCIL"
part_number: "706"
part_name: "EMPLOYEE RESPONSIBILITIES AND CONDUCT"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Water Resources Planning Act, 1965 (Sec. 402, Pub. L. 89-80, 79 Stat. 254 (42 U.S.C. 1962d-1)); E.O. 11222 (30 FR 6469, 3 CFR Proc. 3279; as amended); 5 CFR part 735 (33 FR 12487)."
regulatory_source: "40 FR 32818, Aug. 4, 1975, unless otherwise noted."
cfr_part: "706"
---


# 706.204 Financial interests.

(a) An employee shall not:

(1) Have a direct or indirect financial interest that conflicts substantially, or appears to conflict substantially, with his Government duties and responsibilities; or

(2) Engage in, directly or indirectly, a financial transaction as a result of or primarily relying on, information obtained through his Government employment.

(b) This section does not preclude an employee from having a financial interest or engaging in financial transactions to the same extent as a private citizen not employed by the Government so long as it is not prohibited by law, Executive Order 11222, as amended, 5 CFR part 735, or this part.