At Least 10 Dems Used Their Positions For Leverage In Trading

Written By BlabberBuzz | Monday, 20 September 2021 10:30 AM
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At Least 10 Dems Used Their Positions For Leverage In Trading

11 Democrats, currently in the House and Senate, have reportedly allegedly violated the Stop Trading on Congressional Knowledge (STOCK) Act of 2012, claiming they “unknowingly,” “accidentally,” or “forgot” to file financial disclosure reports when making trades.

Breitbart News reported on the STOCK Act, which requires members to file periodic financial disclosure reports when trades over $1,000 are made.

Members are required to file “full and complete” financial disclosure reports of themselves and the members’ spouse’s assets, debts, and income, in addition to the filing “periodic reports” when transactions are made that exceed $1,000. Every member is required to do so within 30 to 45 days of the transaction.

First, Assistant Speaker Katherine Clark (D-MA), a close confidant and possible replacement for House Speaker Nancy Pelosi (D-CA), allegedly violated House ethics rules by failing to disclose up to $285,000 in stock trades on time which she eventually filed in August.

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Second, Sen. Mark Kelly (D-AZ) allegedly violated Senate ethics rules in failing to disclose $15,000 in Boom Technology that he purchased within the required time to disclose the transitions.

FACT issued a letter to the Senate Select Committee on Ethics, calling for an immediate investigation into Kelly, at the end of August, for failing to disclose the stock transactions and possibly violating federal law and Senate ethics rules.

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Third, Rep. Susie Lee (D-NV) allegedly violated House ethics rules by failing to adequately disclose personal stock trades worth up to $3.3 million.

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Fourth, Democratic Congressional Campaign Committee (DCCC) chairman Rep. Sean Patrick Maloney (D-NY) had also allegedly violated House ethics rules due to him failing to report a series of stock trades made after inheriting several thousands of dollars after his mother passed away.

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Fifth, Rep. Lori Trahan (D-FL) allegedly violated House ethics rules by failing to disclose $15,000 in the software company Stella Connect on time.

Sixth, Rep. Debbie Wasserman Schultz (D-MA) allegedly violated House ethics rules by failing to disclose, on time, up to $60,000 in stocks she and her “dependent child” purchased.”

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Seventh, Rep. Kathy Castor (D-FL) allegedly violated House ethics rules by failing to disclose $45,000 worth of Berkshire Hathaway Inc. stock on time.

Eighth, Rep. Cheri Bustos (D-IL), who previously chaired the DCCC before Maloney and is a top lieutenant of Pelosi, allegedly violated House ethics rules by failing to disclose, on time, the up to $150,000 worth of stocks she liquidated.

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Ninth, Rep. Bobby Scott (D-VA) allegedly violated House ethics rules by failing to disclose, on time, trades he made that totaled more than $2,000.

Tenth, Sen. Dianne Feinstein (D-CA) allegedly violated Senate ethics rules by failing to disclose, on time, stock transactions for up to $50,000 into College Reaction LLC, from Richard Blum, her husband, and investment bankers.

And finally, Rep. Tom Malinowski (D-NJ) allegedly violated House ethics rules by failing hundreds of thousands of dollars in trades on time.

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