Congressman Files 22 Late Stock Trades, Some Nearly Two Years Old
A U.S. congressman disclosed 32 stock trades, violating the STOCK Act by reporting at least 22 transactions well past the 45-day deadline.
A sitting U.S. congressman broke federal disclosure law by filing 32 stock trades late, with at least 22 of those transactions reported beyond the legally required 45-day window — and some dating back nearly two years, according to a Benzinga report.
The STOCK Act, enacted to prevent insider trading by federal lawmakers, requires members of Congress to publicly disclose any personal stock trades within 45 days of the transaction. Repeated or egregious violations can draw ethics scrutiny, though enforcement has historically been inconsistent and penalties modest.
Read more Russia Eyes Retail Crypto Limits to Bitcoin, Ether, and USDT →
Late filings of this scale raise questions about transparency and accountability on Capitol Hill, where lawmakers routinely have access to non-public information through committee work and classified briefings. Critics of congressional stock trading argue that delayed disclosures — especially those stretching nearly two years — undermine the spirit of a law designed to keep voters informed about potential conflicts of interest.
The disclosure comes amid renewed public and legislative pressure to tighten rules around congressional investing, with some reform advocates pushing for an outright ban on individual stock ownership by sitting members of Congress and their immediate families.
Continue reading at Benzinga.
