Four more GOP Reps. under scrutiny for potential stock trading violations

[riversedge]

No wonder the illegal trades continue--very little consequences for all involved!!







Four more GOP Reps. under scrutiny for potential stock trading violations


https://www.salon.com/2021/09/29/four-more-reps-under-scrutiny-for-potential-stock-trading-violations/



By Brett Bachman
Published September 29, 2021 7:56PM (EDT)

After a year full of headlines about Congressional scrutiny over members' stock trading practices, it appears four more GOP representatives may have run afoul of laws meant to prevent insider trading on Capitol Hill — in addition to a fifth Republican who has already seen scrutiny for the same trading activity earlier this year.

According to an analysis of financial disclosure documents compiled by Insider, the four members of Congress — Reps. John Rutherford of Florida, Rick Allen of Georgia, Mike Kelly of Pennsylvania and Victoria Spartz or Indiana — all failed to file paperwork for stock trades within the 45-day federal deadline required under the Stop Trading on Congressional Knowledge (STOCK) Act of 2012.

In addition, Rep. Blake Moore of Utah missed the deadline by several days on at least three trades — two involving the electric car company Tesla and another involving Alibaba, the Chinese e-commerce giant — the second stock-trading scandal this year involving the freshman Congressman.

The transactions Allen failed to report were by far the largest, .......................




..........Still, fines for stock trading misconduct are incredibly low — often as little as $200 — and complaints are rarely forwarded to the Justice Department or the Securities and Exchange Commission for criminal investigation.

"The recent prevalence of STOCK Act violations in the House shows that merely the threat of a fine is not deterring members of Congress from breaking the law; real accountability is necessary," the CLC added in its complaints.

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[Marcuse]

1. Grifters are gonna grift.

[Walleye]

2. Elected officials should not stock at all. Much less trade it

Joe Biden never owned stock the whole time he was in the Senate. These Republicans pretend to be “fiscally responsible”, they are such a tightwads and skinflints and really they’re just greedy little small timers.

[Skittles]

3. jeez that gal

looks like one of those camp guards

[bedazzled]

5. Nothing a good laxative won't cure

[Sherman A1]

4. Nothing will happen to them at all

[rdking647]

7. the fine should be

all proceeds get taxed at ordinary income rates insteead of cap gains. and losses arent deductible.

or else fine them 1/3 of tehetock proceeds

that will pretty much put an end to the practice