3 GOP lawmakers face ethics complaints for failing to disclose $22 million in stock trades
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Source: Salon
hree Republican lawmakers were accused of violating a federal ethics law through their prolific stock trading, according to complaints filed by a watchdog group Friday.
Sen. Tommy Tuberville and Reps. Pat Fallon and Blake Moore all reportedly failed to disclose dozens of trades worth up to $22 million within the 45 days mandated by a 2012 law called the STOCK Act, which was intended to fight conflicts of interest by lawmakers.
"When members of Congress trade individual stocks and fail to disclose those trades, they break the law and diminish the public's trust in government," the complaints, filed by the nonpartisan Campaign Legal Center, say. The organization also wrote that a recent spate of stock-related misconduct shows that the STOCK Act is not working as intended indeed, fines for missing required filing deadlines are as low as $200 and more serious lapses are rarely forwarded to the Department of Justice or the Securities and Exchange Commission for criminal investigation.
As Salon reported earlier this month, Fallon also dumped $250,000 worth of Microsoft stock just weeks before the company's high-profile cloud computing deal with the Pentagon, valued at up to $10 billion, was abruptly cancelled. He sits on the House Armed Services Committee's brand new Subcommittee on Cyber, Innovative Technologies, and Information Systems, which has oversight over the deal in question, known as the Joint Enterprise Defense Infrastructure (JEDI) contract.
Read more: https://www.salon.com/2021/07/30/3-gop-congressmen-face-ethics-complaints-for-failing-to-disclose-22-million-in-stock-trades/
Diamond_Dog
(32,090 posts)Rules and laws are only for the little people.
sinkingfeeling
(51,474 posts)MurrayDelph
(5,301 posts)the Republicans only believe in when they can e weaponize them against Democrats.
Champp
(2,114 posts)Republicans have bumwipe ethics and values. But they beat their chests in public as if they were actually living up to Christ's ideals. Such sickening hypocrisy will earn them Eternal Extreme Sucky Damnation in the Dreadful and Discombobulating Firey Pit of Hell, according to many experts who say many things and who claim they know about these kinds of things in particular.
Me.
(35,454 posts)Sherman A1
(38,958 posts)beyond a sternly worded letter....
KS Toronado
(17,342 posts)congress people from inside trading?
ffr
(22,672 posts)MineralMan
(146,333 posts)after you win. Unfair! Unfair! I've been cancelled!" So say those Republiqans.
IronLionZion
(45,534 posts)and for wealthy douchebags like Kelly Loeffler and Richard Burr, their profits were in the millions.
DENVERPOPS
(8,845 posts)Those two are just the tip of the iceberg.........and to think Martha got prison time for just a measly 50K...............
Comfortably_Numb
(3,827 posts)Omaha Steve
(99,733 posts)Sorry but this was a little OVER 12 hours old when posted.
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