Tracy Ryan: Yeah, how the stock market has made politicians wealthy beyond belief
Insider trading and Congress: How lawmakers get rich from the stock market
Fact that some politicians have been involved in questionable practices related to the stock market is no longer a myth after the infamous Nancy Pelosi Exposé.
“Whatever Paul Pelosi buys or drop, you do the same.”
And Nancy Pelosi is also married to someone that owns a hedge fund.
Damn look at Pelosi’s gains (if those are really her stocks)… she owns Roblox and it’s up 24.24%!?!? I thought they were in a big lawsuit? https://www.quiverquant.com/congresstrading/politician/Nancy%20Pelosi-P000197
How the stock market has made politicians wealthy beyond belief
How the stock market has made politicians wealthy beyond belief.
byu/urmomsloosevag ininterestingasfuck
Insider trading involves using non-public information to make stock market decisions, and it is illegal. Politicians may have access to sensitive information that could influence stock prices, and there have been instances where individuals in positions of power faced accusations of using such information for personal gain.
Congress is immune from the penalties of insider trading and as they are the lawmakers you’d need them to pass a law to penalize themselves and we all know that isn’t happening. https://blogs.luc.edu/compliance/?p=4459
Fact: Pelosi prevented a bill outlawing insider trading from being voted on when the Democrats controlled the House, as she was raking in the dough. So many of them do it, knowing if they don’t upset powerful interests they will get away with it.
Interestingly, Obama actually successfully shamed Congress into passing a law banning insider trading by Congress. Congress quietly repealed it like a year later… You see the problem (with the Swamp Creatures)?
After the Pelosi Scandal, 78 members of Congress have violated a law designed to prevent insider trading and stop conflicts-of-interest in Jan 2023 alone,
- Sen. Dianne Feinstein, a Democrat from California
Sen. Dianne Feinstein is a buddy of Nancy Pelosi. Feinstein was months late disclosing a five-figure investment her husband made into a private, youth-focused polling company. She died soon after. - Sen. Tommy Tuberville, a Republican from Alabama — Tuberville was weeks or months late in disclosing nearly 130 separate stock trades from January to May.
- Sen. Roger Marshall, a Republican from Kansas — Marshall was up to 17 months late disclosing stock trades for one of his dependent children.
- Sen. John Hickenlooper, a Democrat from Colorado — In May 2020, Hickenlooper was months — and in two cases, more than a year — late in disclosing five separate stock trades for himself or his wife that, taken together, are worth between $565,000 and $1.3 million, nonprofit news organization Sludge reported.
Then, in June, Hickenlooper failed to disclose purchases of varying classes of stock from by his wife. They include shares of Liberty Media Corporation, Qurate Retail, and Liberty Broadband Corporation in 2021 and early 2022. The stocks were valued between $516,006 and $1.2 million. Hickenlooper was also late in reporting that his wife sold between $130,004 and $300,000 worth of stock in Liberty Media Corporation and Liberty Broadband Corporation from March 2022. - Sen. Rand Paul, a Republican from Kentucky — Paul was 16 months late in disclosing that his wife bought stock in a biopharmaceutical company that manufactures an antiviral COVID-19 treatment, the Washington Post reported.
- Sen. Sheldon Whitehouse, a Democrat from Rhode Island —Whitehouse was a couple days late disclosing January 2022 purchases of Target Corporation and Tesla Inc. stock, each valued at between $15,001 and $50,000.
- Sen. Rick Scott, a Republican from Florida — Scott on August 15, 2022, reported that he and his wife sold up to $450,000 in stock in Emida Corporation in September 2021 — months after a federal reporting deadline.
- Sen. Tom Carper, a Democrat from Delaware — United States Senate
Carper was about four months late disclosing his wife’s sale of stock in a gold mining company. - Sen. Bill Hagerty, a Republican from Tennessee — Hagerty was months late disclosing stock trades on behalf of his dependent children.
- Sen. Cynthia Lummis, a Republican from Wyoming — Lummis was several days late reporting a purchase in August of up to $100,000 in bitcoin, CNBC reported.
- Sen. Gary Peters, a Democrat from Michigan — Peters was months late disclosing a purchase of up to $15,000 worth of stock in FS KKR Capital Corp., which manages business development companies, nonprofit news organization Sludge reported.
- Sen. Dan Sullivan, a Republican from Alaska — Sullivan was weeks late disclosing the sale of two stock holdings he had inherited.
- Sen. Mark Kelly, a Democrat from Arizona — Kelly, a retired astronaut, failed to disclose on time his exercising of a stock option on an investment in a company that’s developing a supersonic passenger aircraft, Fox Business reported.
- Rep. Tom Malinowski, a Democrat from New Jersey — Malinowski failed to disclose dozens of stock trades made during 2020 and early 2021, doing so only after questions from Insider.
The independent Office of Congressional Ethics, in part citing Insider’s reporting, found “substantial reason to believe” that Malinowski violated federal rules or laws designed to promote transparency and defend against conflicts. It voted 5-1 to refer its findings to the Democrat-led House Committee on Ethics, which confirmed on October 21 that it will continue reviewing the matter. - Rep. Madison Cawthorn, a Republican from North Carolina — Cawthorn can’t seem to stop violating the STOCK Act.
He was months late in May 2022 when disclosing hundreds of thousands of dollars worth of purchases and sales of two cryptocurrencies: ethereum and Let’s Go Brandon Coin, the latter referencing an anti-Joe Biden slogan.
Then, in June 2022, he was again months late in disclosing two-dozen additional cryptocurrency trades.
And then, in December, Cawthorn was months late disclosing another trade in Let’s Go Brandon Coin. - Rep. Pat Fallon, a Republican from Texas — Fallon was months late disclosing dozens of stock trades during early- and mid-2021 that together are worth as much as $17.53 million. Fallon was late again in December 2021 disclosing stock trades.
- Rep. Diana Harshbarger, a Republican from Tennessee — In 2021, Harshbarger failed to properly disclose more than 700 stock trades that together are worth as much as $10.9 million.
- Rep. Susie Lee, a Democrat of Nevada — Lee failed to properly disclose more than 200 stock trades between early-2020 and mid-2021. Together, the trades are worth as much as $3.3 million.
Separately, Lee and her husband traded eight stocks during 2021 that Lee did not report until August 13, 2022. - Rep. Katherine Clark, a Democrat from Massachusetts — Clark, one of the highest-ranking Democrats in the House, was several weeks late in disclosing 19 of her husband’s stock transactions. Together, the trades are worth as much as $285,000. She has since stopped trading stocks.
- Rep. Tom Suozzi, a Democrat from New York — Suozzi has repeatedly failed to file on time required reports about his numerous financial transactions.
In 2021, he was months or years late disclosing 300 financial transactions, NPR reported, citing research from the Campaign Legal Center.
In March 2022, Suozzi disclosed more than 30 stock trades months or years past a federal deadline, Insider reported.
In May 2022, he disclosed 10 more stock trades weeks past the federal deadline for doing so.
Then, in December 2022, Suozzi disclosed dozens of additional trades that were months, or in some cases, up to three years late. - Rep. Blake Moore, a Republican from Utah — Moore in early- to mid-2021 did not properly disclose dozens of stock and stock-option trades together worth as much as $1.1 million. He was late again disclosing trades made in August.
On June 7, 2022, Moore established a qualified blind trust, formally ceding control of his investments to an independent trustee. - Rep. Jamie Raskin, a Democrat from Maryland — Raskin failed to disclose on three annual congressional financial reports that his wife, Sarah Bloom Raskin, held stock in Reserve Trust. He then didn’t disclose that she sold the stock, valued at $1.5 million, until months after a federal deadline for doing so. In early 2022, Raskin explained that sale disclosure delay occurred following his son’s death.
Then, in June 2022, Raskin was again late disclosing stock trades. This time, it involved an exchange of stocks his wife received when I(X) Investments merged with Net Zero — a trade valued at between $250,001 and $500,000. - Rep. Mo Brooks, a Republican from Alabama — Brooks, a US House member who ran for a US Senate in 2022 but lost in a primary, failed to properly disclose a sale of Pfizer stock worth up to $50,000. Brooks in December 2022 also disclosed — several months late — that he purchased a Duke Energy corporate bond.
- Rep. Lauren Boebert, a Republican from Colorado — Boebert failed for months to disclose between $5,000 and $80,000 worth of transactions, made in 2021, involving various stocks, cryptocurrency, and brokerage funds that belong to her husband, the Colorado Sun reported.
- Rep. Dan Crenshaw, a Republican from Texas — Crenshaw was months late disclosing several stock trades he made in the early days of the COVID-19 pandemic, the Daily Beast reported.
- Rep. Debbie Wasserman Schultz, a Democrat from Florida — Wasserman Schultz was months late reporting four stock trades made either for herself or her child.
- Rep. Alan Lowenthal, a Democrat from California — Lowenthal was late disclosing his wife’s purchase of a corporate bond in cloud computing and technology company VMWare, worth between $15,001 and $50,000, Forbes reported. “We have no comment,” Lowenthal spokesman Keith Higginbotham told Insider on November 18.
In June, Lowenthal violated the STOCK Act again when he was months late disclosing four stock or corporate bond trades.
Then, in October, Lowenthal violated the STOCK Act for a third time when he was several weeks late disclosing the sale of Citigroup Inc. corporate bonds.
Lowenthal’s office did not respond to several Insider messages about the second and third STOCK Act violations. - Rep. Brian Mast, a Republican from Florida — Mast was late disclosing that he had purchased up to $100,000 in stock in an aerospace company. The president of the company had just testified before a congressional subcommittee on which Mast sits.
Separately, Mast sold stock worth up to $50,000 in Ideal Power, a company that develops power switches for electric vehicles and other machinery, in February 2021. But he didn’t properly report the sale to the US House of Representatives until August 12, 2022 — about a year-and-a-half after a federal deadline.
And in October 2022, Mast was more than a year late disclosing an exchange of his shares in Aphria, Inc., for shares of Tilray Brands, Inc.
Brad Stewart, Mast’s deputy chief of staff, told Insider “this was an exchange trade that occurred automatically when two companies merged. Congressman Mast did not initiate the trade. It was reflected on his financial disclosure, but a periodic transaction report was not filed because he did not initiate a trade. When this was discovered, it was immediately filed. “ - Rep. Kathy Manning, a Democrat from North Carolina — Manning and her husband were late — sometimes by months — disclosing several dozen stock trades made in 2021 that together were worth up to $1.25 million, according to nonprofit news organization Sludge.
- Rep. Mikie Sherrill, a Democrat from New Jersey — Sherrill was months late disclosing two sales of vested stock her husband earned as part of his employment. The trades were worth up to $350,000 and Sherrill paid a $400 late fee.
- Rep. Kevin Hern, a Republican from Oklahoma — Hern did not disclose nearly two-dozen stock trades in a timely manner, in violation of the STOCK Act. Taken together, the trades are worth as much as $2.7 million.
- Rep. Brad Schneider, a Democrat from Illinois — In mid-2022, Schneider was about two months late disclosing two stock trades involving a pet insurance company.
Separately, Schneider’s wife sold up to $150,000 worth of Trupanion stock in February and December of 2021. But Schneider did not report the trades until August 13. - Rep. Teresa Leger Fernandez, a Democrat from New Mexico — In January 2021, Fernandez sold between $15,001 and $50,000 worth of stock in Golub Capital BDC, an investment company. She waited, however, until December 2022 to actually report the trades — well past the 45-day deadline that Congress established for own members.
- Rep. Michael Guest, a Republican from Mississippi — Guest was more than eight months late disclosing trades in the stock of two oil companies held by a family trust benefitting his wife.
- Rep. Sean Patrick Maloney, a Democrat from New York — Maloney was months late in disclosing he sold eight stocks he inherited in mid-2020 when his mother died.
- Rep. Lori Trahan, a Democrat from Massachusetts — Trahan was months late disclosing the sale of stock shares in a software company.
- Rep. Mary Gay Scanlon, a Democrat from Pennsylvania — Scanlon’s husband sold four stocks in February 2021 collectively worth up to $95,000 and exchanged up to $15,000 in shares of DuPont de Nemours early that same month, according to a disclosure she filed August 12, 2022 — almost a year-and-a-half after the fact.
In a separate disclosure filed August 26, 2022, Scanlon was months late reporting an exchange in shares of Exelon Corporation, a power generation company, that she jointly owned with her husband. - Rep. John Rutherford, a Republican from Florida — Rutherford failed to properly disclose five individual stock transactions he made in late 2020.
- Rep. Josh Gottheimer, a Democrat from New Jersey — Gottheimer and his wife exchanged up to $15,000 worth of stock in Independent Bank Corp. in November 2021, but waited until August 2022 to report it.
- Rep. Doug Lamborn, a Republican from Colorado — Lamborn was several months late disclosing that he and his wife traded stock worth between $68,000 and $120,000 in NetApp, a data management company.
- Rep. Mark Green, a Republican from Tennessee — Green was about two weeks late disclosing the June 2022 purchase of an energy stock valued at up to $250,000.
- Rep. David Trone, a Democrat from Maryland — Trone was months late reporting several stocks and structured notes that together are worth well into the hundreds of thousands of dollars.
- Rep. Carol Miller, a Republican from West Virginia — In September 2022, Miller was months late disclosing hundreds of thousands of dollars worth of stock trades made the year before by her husband. The trades included stock in a COVID-19 vaccine maker and a pair of defense contractors.
- Rep. Pete Sessions, a Republican from Texas — Sessions was a month late in reporting a purchase of stock in Amazon.com he made during August 2021. Separately, in early 2022, Sessions was late disclosing seven trades he made in late 2021. Sessions has been an outspoken advocate of allowing members of Congress to trade individual stocks.
- Rep. Dan Meuser, a Republican from Pennsylvania — Meuser was about one year late disclosing hundreds of thousands of dollars worth of stock purchases his wife and children made during March 2020, LegiStorm reported.
- Rep. Maria Elvira Salazar, a Republican from Florida — Salazar was weeks late disclosing a health care company stock share exchange valued at between $250,001 and $500,000.
The freshman congresswoman had sharply criticized her predecessor, former Rep. Donna Shalala, for her own STOCK Act-related troubles. - Rep. Vicente Gonzalez, a Democrat from Texas — Gonzalez was nearly a year late in disclosing a sale of up to $15,000 worth of mining company stock.
- Rep. Kathy Castor, a Democrat of Florida — Castor was late disclosing the purchase of tens of thousands of dollars worth of stock shares throughout 2021.
- Rep. Bill Pascrell, a Democrat of New Jersey — Pascrell was overdue reporting stock trades he made in December 2019 in General Electric and in August 2019 in pharmaceutical company Johnson & Johnson.
- Rep. August Pfluger, a Republican from Texas — Pfluger was several months late disclosing numerous stock purchases or sales made in January or March either by himself or by his wife.
- Rep. Brian Higgins, a Democrat from New York — Higgins was about 11 months late disclosing three stock trades he made in late 2020.
- Rep. Cheri Bustos, a Democrat from Illinois — Bustos was months late in disclosing that she had sold up to $150,000 worth of stocks in March.
- Rep. Steve Chabot, a Republican from Ohio — Chabot was months late disclosing a stock share exchange he held in early 2021.
- Rep. Victoria Spartz, a Republican from Indiana — Spartz was two weeks late disclosing a purchase of up to $50,000 worth of stock in a commercial real-estate firm.
- Rep. Rick Allen, a Republican from Georgia — Allen, a four-term Republican who represents a large southeastern region of Georgia, appears to have improperly disclosed the purchases and sales of several stocks during 2019 and 2020.
- Rep. Kim Schrier, a Democrat from Washington — Schrier was more than two months late disclosing that her husband purchased up to $1 million in Apple Inc. stock, Sludge and Forbes reported. Schrier’s office told Insider that the congresswoman was initially unaware of the transaction.
- Rep. Kurt Schrader, a Democrat from Oregon — Schrader failed to disclose two stock trades from December 2021 on time.
- Rep. Mike Kelly, a Republican from Pennsylvania — Kelly was more than seven weeks late reporting a stock purchase made by his wife.
- Rep. Chris Jacobs, a Republican from New York — Jacobs was months late filing various transactions made throughout early- to mid-2021, Forbes reported. Then, in September 2022, Jacobs was late disclosing a series of separate trades he made earlier that summer.
- Rep. Bill Keating, a Democrat from Massachusetts — Keating was days late disclosing a pair of stock trades he made in September 2022.
- Rep. Bobby Scott, a Democrat from Virginia — Scott was months late in disclosing a pair of stock sales from December 2020, Forbes reported. NPR also reported several other late transactions, as first identified by the nonpartisan Campaign Legal Center.
- Rep. Austin Scott, a Republican from Georgia — Scott, a Republican from Georgia, was a week late reporting a handful of transactions conducted by his spouse.
- Rep. Ed Perlmutter, a Democrat from Colorado — Perlmutter ran a few days late in filing disclosures for as much as $30,000 in stock trades his wife made in June 2021.
In September 2022, Perlmutter was again late disclosing one of his wife’s stock trades. - Dwight Evans, a Democrat from Pennsylvania — Evans in December 2021 failed to properly disclose a sale of up to $15,000 worth of stock in American Electric Power Co. Inc.
- Rep. Lloyd Doggett, a Democrat from Texas — Doggett was days late disclosing purchases of four stocks — he said they were automated dividend reinvestments of existing stock holdings — that he made in September 2022.
- Rep. Warren Davidson, a Republican from Ohio — Davidson didn’t properly disclose the sale of stock worth up to $100,000, reported NPR, citing Campaign Legal Center research.
- Rep. Lance Gooden, a Republican from Texas — Gooden failed to file mandatory periodic transaction reports for a dozen stock transactions, per the STOCK Act, reported NPR, citing Campaign Legal Center research. Gooden’s office disputed to the Dallas Morning News that the lawmaker did anything wrong.
- Rep. Chuck Fleischmann, a Republican from Tennessee — Fleischmann, a Republican from Tennessee, was late in disclosing a pair of stock transactions together worth up to $30,000.
- Rep. Michael Burgess, a Republican from Texas — In December 2021, Burgess failed to disclose on time the sale of 100 stock shares in health insurer Cigna Corp.
- Rep. Cindy Axne, a Democrat from Iowa — During 2019 and 2020, Axne didn’t file required periodic transaction reports for more than three-dozen trades, reported NPR, citing research by the Campaign Legal Center.
- Del. Michael San Nicolas, a Democrat from Guam — San Nicolas did not properly disclose two trades — one in 2019 and another in 2020, reported NPR, citing Campaign Legal Center research.
- Rep. Peter Welch, a Democrat from Vermont — Welch, an outspoken environmentalist, was late disclosing the sale of his wife’s ExxonMobil stock. In December, Welch’s office told Insider that the congressman and his wife would both stop trading individual stocks.
- Rep. Jim Banks, a Republican from Indiana — Banks was a week late reporting a handful of stock transactions.
- Rep. Mike Garcia, a Republican from California — Garcia was late disclosing several stock trades he made in mid-2020, as first reported by the American Independent.
- Rep. Rob Wittman, a Republican from Virginia — Wittman was a few days late in disclosing four of his stock transactions that included pharmaceutical company Johnson & Johnson.
- Rep. Jim Hagedorn, a Republican from Minnesota — Hagedorn was more than three months late disclosing the sale of stock in a company that makes colon cancer-screening products. Hagedorn died in February 2022.
- Rep. Roger Williams, a Republican from Texas — Williams did not properly report three stock transactions his wife made in 2019, reported NPR, citing Campaign Legal Center research.
- Rep. Peter Meijer, a Republican from Michigan — Meijer submitted a disclosure in December 2022, just before departing office, containing a series of investments made in 2021
Imagine those who have not been reported above… Noticeably missing from the Business Insider list is of course #1 Congress Insider Trader Nancy Pelosi.
Many countries have laws and regulations in place to prevent insider trading and to promote transparency. Politicians are often required to disclose their financial holdings and transactions to ensure that their actions are not in violation of the law.
It’s crucial for the public and regulatory bodies to scrutinize the actions of politicians to maintain trust in the integrity of the financial system and the political process.
Tracy Ryan: Wanna know which Politician is buying what and selling what? Here — Smart Insider
Tracy Ryan Nude Sex Scenes Ultimate Compilation
After carefully reviewing this compilation video, us pious Muslims can say with certainty that Tracy Ryan was one of the most talented actresses of her generation.
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