All posts tagged "Stock Act"

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...

Rep. Ruben Gallego (D-AZ), who is in the midst of a competitive U.S. Senate race against Republican election denier Kari Lake, appears to have violated federal financial disclosure law by reporting two transactions nearly two and five years late.

Gallego on Tuesday disclosed an August 2019 purchase of non-publicly traded stock in investment advisory, Aspiration Fund Adviser LLC, valued between $15,001 and $50,000.

Gallego also purchased corporate securities in pronunciation guide services company NameCoach Inc. in June 2022. This investment is also valued between $15,001 and $50,000....

Sen. John Fetterman (D-PA) and three other members of Congress appear to have violated federal law by filing late financial disclosures.

Reps. Stephanie Bice (R-OK) and Sean Casten (D-IL), along with Sen. Bill Hagerty (R-TN), were also tardy in reporting investment transactions.

Fetterman this week formally reported 30 corporate bond transactions and one stock sale made on behalf of his dependent children during 2023 — with the oldest transaction reported about 17 months after a federally mandated deadline....

Members of Congress are on a summer stock shopping spree — and still violating a financial disclosure law — amid a reinvigorated movement to ban congressional stock trading.

Three members of the House of Representatives appear to have violated the Stop Trading on Congressional Knowledge (STOCK) Act this week by filing required reports late — some as much as two years past a federally mandated deadline.

From Speaker Emerita Nancy Pelosi (D-CA) to Rep. Marjorie Taylor Greene (R-GA), more than a dozen other members of Congress continue trading stocks and securities, even in the immediate two weeks after the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act passed out of the Senate Committee on Homeland Security. ...

A one-night stay at a Donald Trump-branded hotel in New York’s Central Park location typically costs nearly $700 per night — at minimum.

But to stay at the personal home of Tim Walz — the new vice presidential running mate of presumptive Democratic presidential nominee Vice President Kamala Harris — cost somewhere between $2,501 and $5,000 per year in 2017.

A review of Walz’s personal financial disclosures from his 12 years in Congress reveals a seemingly run-of-the-mill financial situation filled with a teacher’s pension, a mortgage and a life insurance plan. ...

But what about Donald Trump’s Truth Social stock?

The former president’s massive financial assets were a primary concern of Sen. Mitt Romney (R-UT) during a Senate Committee on Homeland Security and Governmental Affairs debate Wednesday over whether Congress should ban federal lawmakers — and presidents — from owning and trading stocks and other investments.

“We don't want people in Congress trading stocks, playing the stock market. That's, if you will, the sheep's clothing over this wolf piece of legislation,” Romney said at the meeting. “What you're not talking about is that this has been drafted in a way that is really quite thoughtless, which is it requires divestiture for people who want to become a congressperson or president or vice president.”...