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Fri May 21, 2021, 02:15 PM

Rep. Malinowski traded as much as $1M in medical, tech stocks with stake in COVID-19 response

Source: The Hill

New Jersey Rep. Tom Malinowski (D) is facing two ethics complaints for his failure to report trading roughly $1 million in stock in medical companies that were involved in responses to the COVID-19 pandemic, according to The Associated Press. The AP reported Friday that an analysis of records obtained by the news agency revealed the lawmaker's involvement in the stock buying and selling starting early last year.

Malinowski's trades in the medical and tech stocks were just one part of the approximately $3.2 million value of his buying and selling at the time, which the AP reported he failed to properly disclose to Congress as required by law. The disclosure failure, first reported by Business Insider, was followed by two complaints filed against Malinowski with the Office of Congressional Ethics, according to the AP.

The newswire reported that while there was nothing to indicate Malinowski acted on insider information, records show he participated in the short-selling of stocks, or placing bets that the value of stocks for certain companies would decline.

In an interview with the AP, Malinowski admitted that he failed to file his financial activities, saying it was “a mistake that I own 100 percent.”


Read more: https://thehill.com/homenews/house/554739-rep-malinowski-traded-as-much-as-1m-in-medical-tech-stocks-that-had-stake-in



In the early days of the pandemic, New Jersey Rep. Tom Malinowski scolded those looking to capitalize on the once-in-a-century health crisis.

"This is not the time for anybody to be profiting off of selling ventilators, vaccines, drugs, treatments, PPE (personal protective equipment), anywhere in the world," the two-term Democrat and former assistant secretary of state told MSNBC in April 2020.

He did not heed his own admonition.

https://www.startribune.com/as-pandemic-spread-pain-and-panic-congressman-chased-profit/600059629/

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Reply Rep. Malinowski traded as much as $1M in medical, tech stocks with stake in COVID-19 response (Original post)
question everything May 2021 OP
Grins May 2021 #1
Raven123 May 2021 #2
Dawson Leery May 2021 #3
question everything May 2021 #4
Dawson Leery May 2021 #5
ForgoTheConsequence May 2021 #6
Dawson Leery May 2021 #7

Response to question everything (Original post)

Fri May 21, 2021, 03:47 PM

1. Dumb ass...

He got elected replacing the shitty Leonard Lance, then re-elected in a tighter finish in 2020. If he did this he’s GONE! And so is a D House seat.

Jesus on a bender...

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Response to question everything (Original post)

Fri May 21, 2021, 08:46 PM

3. Donate here for Tom Malinowski's 2022 campaign.

https://malinowskifornj.com/action/


Here is his explanation:


https://malinowski.house.gov/media/press-releases/correcting-record-representative-malinowski-responds-ap-coverage

"The AP story acknowledges, “there is no indication that Malinowski acted on insider information to make his investment decisions.” "

End of debate.

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Response to Dawson Leery (Reply #3)

Fri May 21, 2021, 10:16 PM

4. I think that this is what Kelly Loeffler said: that her broker acted on his own

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Response to question everything (Reply #4)

Sun May 23, 2021, 12:55 PM

5. Brokers act on their own many times.

If the assets are in a blind trust, then there is no case.

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Response to Dawson Leery (Reply #3)

Sun May 23, 2021, 01:45 PM

6. I'm broke.

Seems like he made enough to finance his own campaign.

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Response to Dawson Leery (Reply #3)

Wed May 26, 2021, 01:01 PM

7. kick

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