All posts tagged "Debbie Wasserman Schultz"

At least 62 members of 118th Congress have violated a federal insider trading and conflicts-of-interest law, a Raw Story analysis of congressional financial disclosures reveals.

Most of these violations involve failures to properly disclose stock trades as required by the Stop Trading on Congressional Knowledge (STOCK) Act of 2012. Some involve not abiding by the transparency and personal financial disclosure requirements first outlined in the STOCK Act's post-Watergate predecessor, the Ethics in Government Act of 1978.

ALSO READ: 8 ways convicted felon Donald Trump doesn't become president...

CHICAGO — In ballrooms, barrooms and backrooms this week, the business of big business is getting done with Democrats out of public view.

Yes, Bernie Sanders on Tuesday railed before Democratic National Convention delegates about how “millionaires and billionaires” should “not be able to buy elections.” And sure, curtailing “the corrupting influence of money in politics” is a plank in the 2024 Democratic Party platform.

But most Democrats in Chicago are ignoring the socialist senator and stepping over and around that party plank while pursuing cash that corporations and moneyed special interests are all too keen to contribute....

Since Jan. 1, at least 37 members of Congress have violated a federal insider trading and conflicts-of-interest law, a Raw Story analysis of congressional financial disclosures reveals.

Most of these violations involve failures to properly disclose stock trades as required by the Stop Trading on Congressional Knowledge (STOCK) Act of 2012. Some involve not abiding by the transparency and personal financial disclosure requirements first outlined in the STOCK Act's post-Watergate predecessor, the Ethics in Government Act of 1978.

The most significant violator clocked in as much as six-and-a-half years late when reporting up to $8.5 million in stock transactions — Rep. Rick Allen (R-GA). Another lawmaker was just a couple days late but still logged up to $165,000 in late stock disclosures — Rep. John Curtis (R-UT). Between them are numerous other Republicans and Democrats alike who have consistently failed to abide by the STOCK Act....

One month after President Donald Trump took office in 2017, Republican Rep. Rick Allen (R-GA) purchased up to $15,000 in stock in an agrochemical corporation — Monsanto — that no longer exists as an independent company.

But it wasn’t until six-and-a-half years later — on Aug. 10 — that Allen properly reported the transaction as a federal conflicts-of-interest law requires.

And the Monsanto trade was just one of 136 stock and other financial transactions — totaling between $3.05 million and $8.56 million — that Allen failed to properly report, according to an exclusive Raw Story analysis of federal financial disclosures....

A Democratic congresswoman from North Carolina with a history of more than 50 late stock disclosures appears to have violated a decade-old federal transparency and conflicts-of-interest law.

Again.

Rep. Kathy Manning (D-NC) reported purchasing $29,122 worth of stock in investment management company Blackstone Inc. on June 10, 2022, jointly with her husband — more than a year late, according to an Aug. 2 federal filing reviewed by Raw Story....

Rep. Debbie Wasserman Schultz (D-FL), the former chairwoman of the Democratic National Committee, was seven months late disclosing a family stock sale, according to a federal financial document reviewed by Raw Story.

Wasserman Schultz’s July 11 disclosure detailed an October 2022 sale of Adams Resources and Energy Inc. stock on behalf of a dependent child and valued at between $1,001 and $15,000.

The Stop Trading on Congressional Knowledge (STOCK) Act — passed in 2012 to stop insider trading, curb conflicts-of-interest and enhance transparency — requires prompt reporting within 45 days of most purchases, sales and exchanges of stocks, bonds, commodity futures and cryptocurrency by key government officials, particularly members of Congress....