U.S. Politicians Flouting STOCK Act Regulations 🚫
Recent news has put U.S. politicians in the spotlight for their timely or untimely stock trades. They have been buying and selling stocks in companies where they have insider information or a potential conflict of interest due to their roles in committees that could influence the companies’ performance.
Moskowitz Faces Allegations of Violating STOCK Act 🕵️♂️
Representative Jared Moskowitz made stock trades, including a $15,000 purchase of Lockheed Martin (NYSE: LMT) stock on July 1. This trade raises suspicions due to his position on the Committee on Foreign Affairs, which may provide him with insights that could impact LMT’s stock performance.
- Moskowitz’s stock trades may breach the STOCK Act regulations
- The STOCK Act mandates transparency in stock trades by U.S. politicians
- Moskowitz has been late in disclosing some of his trades
Moskowitz Allegedly Violates STOCK Act Regulations 🚔
The STOCK Act, established in 2012, requires members of Congress to disclose their stock trades within 45 days. Moskowitz has reportedly failed to comply with timely filings for over 60 trades, with nine filings being more than six months late.
Other U.S. Politicians Also Violating STOCK Act Regulations 🚫
Representative David Joyce recently disclosed stock trades dating back two years ago, breaching the rules outlined in the STOCK Act. These trades, conducted from July 12, 2022, to June 30, 2023, present another instance of U.S. politicians failing to comply with the legislation.
- David Joyce’s stock trades from 2022-2023 violate the STOCK Act
- He also sits on the House Ethics Committee tasked with enforcing the STOCK Act
Hot Take: Stay Informed About STOCK Act Violations ⚖️
As a responsible investor, it is crucial to stay informed about the actions of U.S. politicians in relation to stock trades and the STOCK Act. Transparency and compliance with regulations are essential for maintaining market integrity and fairness in investments.
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