04-09-24, 17:31
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#178
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TRUMP Crime Syndicate- BUSTED: Three Members of Congress Violate FED Law
BUSTED: Three Members of Congress Violate FED Financial Law
Two Republicans and one Democratic member of Congress violated federal law with late financial disclosures ? as much as a year late in some cases, according to new federal filings.
MSNRAW 4 SEP 2024
Reps. Buddy Carter (R-GA) and Brandon Williams (R-NY) appear to be new violators of the Stop Trading on Congressional Knowledge (STOCK) Act, and Rep. Debbie Wasserman Schultz (D-FL), a repeated offender, is late disclosing a stock trade for a third time.
Williams was the most tardy in reporting the partial sale of stock in pharmaceutical company, Visant Medical, nearly 16 months late, according to his July 2 financial disclosure.
Members of Congress are required to publicly report ? within 45 days ? most purchases, sales and exchanges of stocks, bonds, commodity futures, securities and cryptocurrencies as outlined by the STOCK Act, a law passed by Congress in 2012 to defend against conflicts of interest, curb insider trading and enhance public transparency.
The transaction, valued between $1,001 and $15,000, was described on the report as a ?shareholder distribution as a result of Visant Medical merger with Amring Pharmaceuticals.?
Carter was more than eight months late disclosing the sale of government securities for the Atlanta, Ga., Development Authority, valued between $15,001 and $50,000, as a subholding of brokerage and investment banking firm Stifel, according to a June 28 congressional filing.
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