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The House Ethics Committee is investigating the timing of three GOP lawmakers' stock trade reporting
Source: Politico
Trading troubles: The House Ethics Committee said Tuesday it was investigating three Republican lawmakers — Reps. John Rutherford of Florida, Pat Fallon of Texas, and Chris Jacobs of New York — who face allegations of stock trading law violations. Concerns were raised about the timeliness of their reporting of trades and other securities transactions.
The allegations: According to Office of Congressional Ethics reports released Tuesday by the House Ethics Committee, there was “substantial reason to believe” both Rutherford and Fallon had failed to file timely reports for transactions “in violation of federal law and House rules.”
The OCE said Rutherford had disclosed 157 late transactions valued between $652,000 and $3.5 million between his swearing-in in January 2017 and December 2021. In 2021, Fallon failed to timely disclose 122 transactions valued between $9 million and $21 million, according to OCE.
The OCE, an independent legislative body that pursues investigations against House members, recommended both Rutherford and Fallon be subpoenaed because they had declined to provide certain requested information to the OCE.
The allegations: According to Office of Congressional Ethics reports released Tuesday by the House Ethics Committee, there was “substantial reason to believe” both Rutherford and Fallon had failed to file timely reports for transactions “in violation of federal law and House rules.”
The OCE said Rutherford had disclosed 157 late transactions valued between $652,000 and $3.5 million between his swearing-in in January 2017 and December 2021. In 2021, Fallon failed to timely disclose 122 transactions valued between $9 million and $21 million, according to OCE.
The OCE, an independent legislative body that pursues investigations against House members, recommended both Rutherford and Fallon be subpoenaed because they had declined to provide certain requested information to the OCE.
Read more: https://www.politico.com/minutes/congress/05-30-2022/trading-woes/
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