All posts tagged "Stock Trading"

A Republican lawmaker who swore he had not been actively participating in stock exchange trades has undermined himself in a radio interview.

Rob Bresnahan, the GOP representative for Pennsylvania, campaigned in 2024 on a promise to ban congressional stock trading. In an interview given in April last year, it appears Bresnahan is more involved with stock trading than he first let on, according to Politico. The Pennsylvanian rep repeatedly claimed he does not talk with his financial adviser about stock trading activity and that he has no input in trades.

But in an interview given to Bob Cordaro, Bresnahan said, "I mean, I meet with my financial adviser. We talk about, you know, what different positions are coming up.” The GOP rep's claim to Cordaro is very different from what has been said before and after the interview in April aired. ...

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....

Federally-indicted Rep. George Santos (R-NY) called out his stock-trading colleagues on Tuesday.

“One thing I’m certain of is that members of congress trading stocks is imoral [sic]!,” Santos posted on X, formerly known as Twitter, on Tuesday.

“I said I wouldn’t trade and I’m keeping that promise,” Santos continued on X....

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....

A dozen lawmakers have now violated a federal conflicts-of-interest and financial disclosure law in 2023 — the latest a Republican representative from Nebraska, according to a Raw Story analysis of congressional financial documents.

Rep. Adrian Smith (R-NE) was more than a year late disclosing some of his wife’s purchases of stock in CarterBaldwin, an executive search firm, according to a new congressional financial disclosure.

By law, Smith had 45 days to publicly report his wife’s purchases, all made between January 2022 and February 2023 and together valued between $3,003 and $45,000. (Federal lawmakers are only required to disclose the value of such stock purchases in broad ranges.) ...