‘I mistakenly left it in draft’: Republican violates STOCK Act with up to $5 million in late disclosures
1 year, 7 months ago

‘I mistakenly left it in draft’: Republican violates STOCK Act with up to $5 million in late disclosures

Raw Story  

Rep. Dan Bishop is the latest federal lawmaker to violate the STOCK Act by failing to properly disclose purchasing up to $5 million in U.S. Treasury notes, according to a Raw Story analysis of congressional financial disclosures. The disclosure said, “The submittal of this report is late because I mistakenly left it in draft and failed to submit when originally posted in Dec. 2022.” RELATED ARTICLE: ‘Anti-corruption’ Rep. Dan Goldman made hundreds of stock trades after saying he'd create a ‘blind trust’ Bishop’s team confirmed this in a statement. RELATED ARTICLE: Raw Story goes one-on-one with Spanberger about Pelosi, McCarthy and her quest to ban congressional stock trading “We’ve seen a lot of these kinds of violations in the STOCK Act disclosure requirements over the past couple of years, and I think it just speaks to a larger issue that really pervades the institution of Congress, and that’s that they just don't really take their ethics very seriously,” Hedtler-Gaudette said. “In particular, they don't take their disclosure requirements and their transaction reporting requirements seriously, and that's a problem because already the public doesn't trust Congress, generally speaking.” POGO said its ideal vision for policies around congressional stock trading would be a ban on trading stocks and other assets like commodities and futures that are susceptible to insider trading while in office.

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History of this topic

Five more Republican congressmen botch financial disclosures, some worth multimillions
2 months, 3 weeks ago

Five more Republican congressmen botch financial disclosures, some worth multimillions

Raw Story  

As a proposed ban on congressional stock trading continues to be debated, five more Republican members of Congress appear to have violated federal financial disclosure law — some disclosing millions of dollars in trades more than a year-and-a-half late. Reps. Darrell Issa, Darin LaHood, John James, Thomas Kean Jr. and Michael McCaul all were late in disclosing financial transactions as …

43 members of Congress violated stock law
2 months, 3 weeks ago

43 members of Congress violated stock law

Raw Story  

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. Raw Story reported in June that Allen was late in disclosing his spouse’s March 27 sale — valued between $100,001 to $250,000 — of stock in SouthState Corporation, a financial services company. "Sen. Hagerty did …

Busted: Three members of Congress violate federal law
3 months, 2 weeks ago

Busted: Three members of Congress violate federal law

Raw Story  

As a renewed battle to ban congressional stock trading rages on, three more members of Congress violated financial disclosure law, according to a Raw Story review of congressional financial records. Lale M. Morrison, chief of staff for Moskowitz, told Raw Story in an emailed statement, that a law firm conducts monthly monitoring of Moskowitz’s investment accounts and prepares periodic transaction …

Kari Lake foe Ruben Gallego broke financial transparency law with years-late stock filings
4 months, 1 week ago

Kari Lake foe Ruben Gallego broke financial transparency law with years-late stock filings

Raw Story  

Rep. Ruben Gallego, 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. Still, for such transactions, members of Congress also need to file a "periodic transaction report" — the formal name of a congressional …

Sen. John Fetterman violates financial law with botched corporate bond disclosures
4 months, 1 week ago

Sen. John Fetterman violates financial law with botched corporate bond disclosures

Raw Story  

Sen. John Fetterman and three other members of Congress appear to have violated federal law by filing late financial disclosures. Sen. John Fetterman listens during a press conference on the introduction of the Senate ETHICS Act alongside Rep. Raja Krishnamoorthi on April 18, 2023 in Washington, D.C. “Sen. “Once Sen. Fetterman was made aware of the investments, he immediately filed …

Lawmakers caught in controversy as congressional stock trading debate rages on
4 months, 2 weeks ago

Lawmakers caught in controversy as congressional stock trading debate rages on

Raw Story  

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. Joyce reported on Aug. 6 a dozen stock transactions after the 45-day deadline required in the STOCK Act for disclosing most purchases, sales and exchanges of stocks, bonds, commodity futures, securities and …

'Hugely hammered': Key senator sees momentum to pass Congress stock trading ban
4 months, 4 weeks ago

'Hugely hammered': Key senator sees momentum to pass Congress stock trading ban

Raw Story  

For 12 years, Sen. Jeff Merkley has pushed for a ban on congressional stock trading, calling the practice “corrupt,” “unacceptable” and “wrong.” The first time he and Sen. Sherrod Brown presented an amendment in 2012 that would prohibit members of Congress from playing the stock market, they only got 26 votes in support. “The ETHICS Act, the heart of it …

Senators push for no more stock trading for Congress
5 months, 1 week ago

Senators push for no more stock trading for Congress

Raw Story  

A bipartisan group of senators announced a new push to pass legislation banning stock trading for members of Congress, their spouses and dependent children. READ: Trump’s ‘secretary of retribution’ has a ‘target list’ of 350 people he wants arrested “Three years ago, I introduced landmark legislation to ban stock trading by Members of Congress. We still have a long way …

How Congress's ability to play the stock market could be stymied by the very lawmakers raking in BILLIONS
5 months, 1 week ago

How Congress's ability to play the stock market could be stymied by the very lawmakers raking in BILLIONS

Daily Mail  

A bipartisan group of senators are pushing a new stock trading ban for members of Congress on an expedited schedule. Sen. Josh Hawley, R-Mo., speaks at a press conference announcing a Senate bill to ban congress members from trading stock Sens. The lone Republican behind the bill Josh Hawley said, 'There is no reason that Congress ought to be profiting …

BUSTED: Three members of Congress violate federal financial law
5 months, 2 weeks ago

BUSTED: Three members of Congress violate federal financial law

Raw Story  

Two Republicans and one Democratic member of Congress violated federal law with late financial disclosures — as much as a year late in some cases, according to new federal filings. The transaction, valued between $1,001 and $15,000, was described on the report as a “shareholder distribution as a result of Visant Medical merger with Amring Pharmaceuticals.” Carter was more than …

Republican lawmaker from Texas violates financial disclosure law with 5-year delay
6 months ago

Republican lawmaker from Texas violates financial disclosure law with 5-year delay

Raw Story  

A Republican congressman was as much as five years late reporting his spouse’s stock trades, violating a federal financial disclosure law, according to a Raw Story review of congressional financial records. “In the situation when we filed the complaint, it seems as though the member knew the rule, and therefore, could not say that he didn't understand the rule, and …

Democratic congressman commits massive stock law violation
7 months, 1 week ago

Democratic congressman commits massive stock law violation

Raw Story  

A wealthy Democratic congressman violated federal law by tardily disclosing tens of millions of dollars in government securities and stock trades — nearly a year late in some cases, according to a new congressional financial filling. Taken together, Trone’s late disclosures rank among the largest in recent years among members of Congress, based on investigations by Raw Story, Business Insider, …

Lawmaker overseeing nation’s defense dumps Boeing investments amid aircraft safety crisis
9 months, 1 week ago

Lawmaker overseeing nation’s defense dumps Boeing investments amid aircraft safety crisis

Raw Story  

WASHINGTON — Rep. Bill Keating, a member of the U.S. House Armed Services Committee, dumped up to $65,000 worth of investments in defense contractor Boeing at a time when the company faces federal scrutiny over its aircraft safety protocols and manufacturing quality. Rep. Bill Keating delivers his opening statement during a U.S. House Foreign Affairs Subcommittee during a hearing on …

Deadline demolished: Illinois congressman violates federal financial disclosure law
10 months, 4 weeks ago

Deadline demolished: Illinois congressman violates federal financial disclosure law

Raw Story  

CHICAGO — An Illinois congressman failed to report eight investments as required by federal financial disclosure law — as much as two-and-a-half years late in some cases, according to a Raw Story analysis of congressional records. Rep. Sean Casten is the latest lawmaker to violate the decade-old Stop Trading on Congressional Knowledge Act by improperly reporting purchases of Myno Carbon …

Republican congressman violates federal law with botched cryptocurrency disclosures
11 months, 2 weeks ago

Republican congressman violates federal law with botched cryptocurrency disclosures

Raw Story  

A Republican congressman violated a federal financial disclosure law by reporting two cryptocurrency purchases as much as a month past a mandatory deadline, a Raw Story review of congressional documents indicates. He made the purchases on Oct. 9 and Nov. 5, but he did not publicly report them until Dec. 22 — well past the disclosure deadline required by the …

Why members of Congress keep breaking financial laws over and over again
1 year ago

Why members of Congress keep breaking financial laws over and over again

Raw Story  

Throughout 2023, federal lawmakers kept introducing a steady stream of bills designed to stop congressional stock trading. Nothing has come of those bills yet, but Raw Story has identified at least 37 members of Congress this year who violated federal law by not properly disclosing their personal finances as required by the Ethics in Government Act of 1978 and the …

Enviro congressman’s wife buys — then dumps — dozens of oil, energy and other stocks
1 year, 1 month ago

Enviro congressman’s wife buys — then dumps — dozens of oil, energy and other stocks

Raw Story  

An environmentalist Democratic congressman acknowledged that his wife purchased — then quickly dumped — nearly 100 stocks in various oil, energy, tobacco, defense and other companies, blaming a new investment firm for going on an erroneous stock shopping spree. Rep. Greg Stanton reported that Nicole Stanton’s 94 stock purchases included shares in fossil fuel giants Chevron, ExxonMobil and ConocoPhillips; power …

Top GOP congressional recruit violates federal financial law
1 year, 1 month ago

Top GOP congressional recruit violates federal financial law

Raw Story  

A Republican candidate for a toss-up 2024 U.S. House seat has violated a federal law by failing to file a financial disclosure due nearly three months ago, according to a Raw Story review of federal records. Tom Barrett, a former Michigan state senator and representative, has yet to file a mandatory personal financial disclosure as required by federal law and …

‘Culture of corruption’: Two more Republican congressmen break financial disclosure law
1 year, 2 months ago

‘Culture of corruption’: Two more Republican congressmen break financial disclosure law

Raw Story  

Two Republican members of Congress violated a decade-old financial disclosure and conflicts-of-interest law by reporting personal financial transactions months late, according to federal financial documents reviewed by Raw Story. Rob Wittman and Rep. Ron Estes violated the Stop Trading on Congressional Knowledge Act when they were up to four months late disclosing several personal stock transactions valued at between $1,001 …

GOP lawmaker breaks financial law after ripping opponent for breaking financial law
1 year, 3 months ago

GOP lawmaker breaks financial law after ripping opponent for breaking financial law

Raw Story  

A New Jersey freshman congressman has violated a decade-old financial disclosure and conflicts-of-interest law — the same one he slammed his opponent for breaking. Kean’s violation, first reported by the New Jersey Globe, is particularly notable given that his 2022 campaign for Congress hit his Democratic opponent, then-Rep. Tom Malinowski, with withering criticism over Malinowski’s numerous STOCK Act violations. “I …

George Santos blasts colleagues for trading stocks — but is violating a financial law himself
1 year, 3 months ago

George Santos blasts colleagues for trading stocks — but is violating a financial law himself

Raw Story  

Federally-indicted Rep. George Santos called out his stock-trading colleagues on Tuesday. “One thing I’m certain of is that members of congress trading stocks is imoral!,” Santos posted on X, formerly known as Twitter, on Tuesday. But Santos himself hasn’t abided by a federal conflicts-of-interest law requiring members of Congress to disclose their personal financial information annually, a Raw Story review …

‘Undermining the integrity of Congress:’ Four more GOP lawmakers just violated a federal law
1 year, 4 months ago

‘Undermining the integrity of Congress:’ Four more GOP lawmakers just violated a federal law

Raw Story  

Four Republican members of Congress have blown past a federal deadline for disclosing personal stock trades, with some more than a year late, a Raw Story analysis of congressional financial documents reveals. “So, there's lots of concerns there, and, of course, they get to vote and make decisions that could impact the financial state of various companies and industries, so …

'So extensive': GOP congressman violated federal law with up to $8.5M in late financial disclosures
1 year, 4 months ago

'So extensive': GOP congressman violated federal law with up to $8.5M in late financial disclosures

Raw Story  

One month after President Donald Trump took office in 2017, Republican Rep. Rick Allen purchased up to $15,000 in stock in an agrochemical corporation — Monsanto — that no longer exists as an independent company. But many of the financial trades Allen reported earlier this month were at least three years past the STOCK Act’s reporting deadline. Tom Rust, staff …

Sold! Wealthy N.Y. congressman dumps up to $37 million in stocks and bonds amid pressure to divest
1 year, 4 months ago

Sold! Wealthy N.Y. congressman dumps up to $37 million in stocks and bonds amid pressure to divest

Raw Story  

Freshman Rep. Dan Goldman, heir to the Levi Strauss fortune and one of Congress’ wealthiest members, has sold tens of millions of dollars worth of personal stocks and bonds, a new federal financial disclosure indicates. Among Goldman’s more notable stock sales: Tobacco company British American Tobacco Industries, up to $100,000 Tobacco company Altria, up to $30,000 Defense contractor Lockheed Martin, …

Oops, I did it again: This Democratic congresswoman violated a federal law for a second time
1 year, 4 months ago

Oops, I did it again: This Democratic congresswoman violated a federal law for a second time

Raw Story  

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. RELATED ARTICLE: ‘Aren’t we a little more grown up than that?’: Ex-lawmaker rips Congress for ‘dog ate my homework’ excuses But Manning never disclosed she purchased the stock in the first place — …

Here we go again: GOP senator blows past federal stock disclosure deadline as lawmakers mull trade ban
1 year, 5 months ago

Here we go again: GOP senator blows past federal stock disclosure deadline as lawmakers mull trade ban

Raw Story  

In reporting a stock sale nine months past a federal deadline, Sen. Thom Tillis joins the growing list of legislators who’ve struggled to abide by a decade-old conflicts-of-interest and financial disclosure law. Dubbed the Ban Stock Trading for Government Officials Act, the legislation would prohibit members of Congress, the president, the vice president, senior executive branch officials, their spouses and …

Florida congresswoman — a former DNC chair — is months late disclosing family stock sale. Again.
1 year, 5 months ago

Florida congresswoman — a former DNC chair — is months late disclosing family stock sale. Again.

Raw Story  

Rep. Debbie Wasserman Schultz, 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 first appeared to violate the STOCK Act in 2021 when she was seven months late disclosing up to $60,000 of her and her dependent child’s stock purchases …

Democratic senator keeps breaking conflicts-of-interest law over and over and over again
1 year, 5 months ago

Democratic senator keeps breaking conflicts-of-interest law over and over and over again

Raw Story  

Members of Congress keep struggling to comply with a decade-old financial disclosure and transparency law — the latest, two federal lawmakers who were late reporting stock and U.S. Treasury transactions. “Senator Carper is working with the Ethics Committee so he can fully resolve the matter.” The STOCK Act — passed in 2012 to stop insider trading, curb conflicts-of-interest and enhance …

Pelosi reports tech stock purchases worth up to $1.5M amid 'crisis of confidence and trust' in Congress
1 year, 6 months ago

Pelosi reports tech stock purchases worth up to $1.5M amid 'crisis of confidence and trust' in Congress

Raw Story  

As numerous members of Congress call for a ban on lawmakers and their spouses trading stocks, House Speaker Emerita Nancy Pelosi's household just made a massive purchase in tech stocks. The calls for a stock ban come at a time when Congress has been scrutinized for rampant conflicts of interest and failure to abide by the Stop Trading on Congressional …

‘How can we trust her?’: Florida congresswoman violates same financial law she blasted rival for breaking
1 year, 6 months ago

‘How can we trust her?’: Florida congresswoman violates same financial law she blasted rival for breaking

Raw Story  

Rep. Maria Elvira Salazar, the Florida congresswoman who blasted her Democratic predecessor for violating a federal conflicts-of-interest and financial disclosure law, appears to have broken the same law herself. This isn’t Salazar’s first STOCK Act slip-up: Just last year, Insider reported that Salazar was more than two months late in disclosing $500,000 in stock of senior healthcare services company, Cano …

Nancy Pelosi's husband uses huge stock trade in contribution to her alma mater
1 year, 6 months ago

Nancy Pelosi's husband uses huge stock trade in contribution to her alma mater

Raw Story  

Paul Pelosi, the husband of former House Democratic Leader Nancy Pelosi, sold off between $500,000 and $1 million worth of Apple stock, totaling 2,900 shares — and used the transaction to make a contribution to her alma mater, Trinity College, according to a new congressional financial filing reviewed by Raw Story. The filing, which said the transaction took place on …

‘It just strains credibility’: Washington state congressmen struggle to comply with conflicts-of-interest law
1 year, 6 months ago

‘It just strains credibility’: Washington state congressmen struggle to comply with conflicts-of-interest law

Raw Story  

A Washington state congressman is the latest lawmaker to violate a federal conflicts-of-interest and financial disclosure law by failing to properly report up to $765,000 in personal stock transactions, according to a Raw Story analysis of federal financial documents. His appointments include: House Select Committee on Strategic Competition between the United States and the Chinese Communist Party House Committee on …

Can’t stop, won’t stop: Another congressman violates STOCK Act
1 year, 6 months ago

Can’t stop, won’t stop: Another congressman violates STOCK Act

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 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 …

Busted: These 6 members of Congress violated a federal conflicts-of-interest law
1 year, 7 months ago

Busted: These 6 members of Congress violated a federal conflicts-of-interest law

Raw Story  

At least six more members of Congress have violated the STOCK Act by failing to disclose transactions — up to $376,280 collectively — within a 45-day federal deadline, according to a Raw Story analysis of congressional financial documents. Rep. Zoe Lofgren, who last year led Democratic House leadership’s self-aborted effort to ban congressional stock trading, violated the STOCK Act with …

Pelosi lieutenant who sponsored congressional stock ban bill just violated the STOCK Act
1 year, 7 months ago

Pelosi lieutenant who sponsored congressional stock ban bill just violated the STOCK Act

Raw Story  

Rep. Zoe Lofgren, who last year led Democratic House leadership’s self-aborted effort to ban congressional stock trading, just became the latest lawmaker to violate the STOCK Act with up to $265,000 in late financial disclosures, according to a Raw Story analysis of financial records. Lofgren in September introduced the Combatting Financial Conflicts of Interest in Government Act, which would ban …

Sen. Tom Carper just violated this federal transparency and conflicts-of-interest law
1 year, 8 months ago

Sen. Tom Carper just violated this federal transparency and conflicts-of-interest law

Raw Story  

Democratic Sen. Tom Carper of Delaware violated a transparency and conflicts-of-interest law by disclosing one of his wife's stock trades more than a year after a federal deadline, according to a Raw Story review of congressional financial disclosure records. Carper on Tuesday disclosed that Martha Ann Stacy sold $2,991.98 worth of stock in Taiwan Semiconductor Manufacturing Ltd., although the trade …

Democratic Rep. Seth Moulton violated the STOCK Act with 'embarrassing' late disclosures
1 year, 10 months ago

Democratic Rep. Seth Moulton violated the STOCK Act with 'embarrassing' late disclosures

Raw Story  

Rep. Seth Moulton, who briefly ran for president during Election 2020, has violated a federal conflicts-of-interest and transparency law by improperly disclosing two of his wife's stock trades, a Raw Story analysis of congressional financial disclosures indicates. Moulton should have disclosed the stock trades 45 days after the trades were made — in early autumn, according to the Stop Trading …

Raw Story goes one-on-one with Spanberger about Pelosi, McCarthy and her quest to ban congressional stock trading
1 year, 10 months ago

Raw Story goes one-on-one with Spanberger about Pelosi, McCarthy and her quest to ban congressional stock trading

Raw Story  

Dozens of members of Congress have violated a law — the Stop Trading on Congressional Knowledge Act of 2012 — that’s designed to stop insider trading, curb conflicts of interest and enhance public transparency. But last year, then-House Speaker Nancy Pelosi and other Democratic leaders declined to advance any of several bills — including one Raw Story spoke at length …

A Democratic congressman who says Congress shouldn’t trade stock violated existing stock trade law
1 year, 10 months ago

A Democratic congressman who says Congress shouldn’t trade stock violated existing stock trade law

Raw Story  

Count Democratic Rep. Gerry Connolly among a growing number of federal lawmakers bent on banning themselves from trading individual stocks. Connolly’s Dec. 6 trades involve sales of stock in power generation company Dominion Energy Inc., technology and engineering company Leidos and information technology firm Science Applications International Corporation. “I want to do socially responsible mutual funds.” Connolly said he submitted …

Support grows for limiting Congress members’ ability to own stocks
2 years, 11 months ago

Support grows for limiting Congress members’ ability to own stocks

LA Times  

Recent allegations of lawmakers potentially benefiting from personal stock market trades has propelled new interest in reining in their ability to trade or own individual stocks while in office. Lofgren said “the issue of some members’ noncompliance with these important reporting requirements merits a fresh review of the law, including its enforcement requirements and penalties for noncompliance.” Most of the …

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