What stocks Senators are buying?
Stocks to Buy: Wells Fargo (WFC) Source: Ken Wolter / Shutterstock.com. Wells Fargo has been one of the best performing bank stocks this year, up 50% year-to-date at $45.13 a share. And senators ...
What stocks are politicians buying?
Wall Street is struggling with extremely serious headlines. Politicians are playing with fire in the matter of the Russian and Ukraine struggles. Moreover, economic politicians are also reeking havoc with equity prices making it difficult to find stocks to buy on dips. Investors’ fundamental homework is meaningless if we enter into a world war.
Why members of Congress should not trade stocks?
There has been a battle brewing over the past few months about whether Congress should be able to freely trade stocks. The central concern is whether it would allow conflicts of interests and huge financial influences over legislation.
Which Congress members sold stock?
The Justice Department closed its insider trading investigations of Loeffler and Burr without filing charges, as well as of California Democratic Sen. Dianne Feinstein, whose husband sold stock unrelated to the pandemic; she said she did not attend the private briefing.
How much did Dianne Feinstein sell?
Sen. Dianne Feinstein (D-Calif.), a member of the Intelligence Committee, and her husband sold $1.5 million to $6 million worth of shares in San Francisco biotech firm Allogene Therapeutics between Jan. 31 and Feb. 18, The New York Times reports, citing financial disclosure forms. Sen.
What companies did Lisa Loeffler own?
Loeffler not only sold shares of Exxon Mobil, Ross Stores, AutoZone, and other companies whose value subsequently dropped, on average, 30 percent, according to The Daily Beast. She also purchased stock in two tech companies, one of which specializes in teleworking software.
Who is the wife of the Senator who is married to the CEO of the New York Stock Exchange?
The senator is married to Jeffrey Sprecher, the chairman and CEO of Intercontinental Exchange, which owns the New York Stock Exchange. This story has been corrected to show that Burr’s speech was in Washington, D.C., not North Carolina. By —. Mary Clare Jalonick, Associated Press. Mary Clare Jalonick, Associated Press.
How much did Richard Burr sell in stocks?
WASHINGTON (AP) — Senate Intelligence Committee Chairman Richard Burr, R-N.C., sold as much as $1.7 million in stocks just before the market dropped in February amid fears about the coronavirus epidemic. Senate records show that Burr and his wife sold between roughly $600,000 and $1.7 million in more than 30 separate transactions in late January ...
How much did Burr's wife sell?
Senate records show that Burr and his wife sold between roughly $600,000 and $1.7 million in more than 30 separate transactions in late January and mid-February, just before the market began to fall and as government health officials began to issue stark warnings about the effects of the virus. Several of the stocks were in companies ...
When did Burr give his speech?
Most of them came on Feb. 13, just before Burr made a speech in Washington, D.C., in which he predicted severe consequences from the virus, including closed schools and cutbacks in company travel, according to audio obtained by National Public Radio and released Thursday.
Did Burr tweet before stock sales?
Burr sent out the tweets before reports of his stock sales. A spokesperson for the senator said in a statement that Burr “has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy” and supports congressional efforts to help the economy.
How much did Feinstein sell in California?
Feinstein, who serves as ranking member of the Senate Judiciary Committee, and her husband sold between $1.5 million and $6 million in stock in California biotech company Allogene Therapeutics, between Jan. 31 and Feb. 18, The New York Times reported. ...
Who appointed Loeffler to the Senate?
Loeffler was appointed to the Senate in December by Georgia Gov. Brian Kemp after incumbent Sen. Johnny Isakson resigned because of health issues – despite allies of President Trump having urged Kemp to select Rep. Doug Collins instead.
Did Dianne Feinstein sell stocks?
Sen. Dianne Feinstein of California and three of her Senate colleagues reported selling off stocks worth millions of dollars in the days before the coronavirus outbreak crashed the market, according to reports. The data is listed on a U.S. Senate website containing financial disclosures from Senate members.
Who passed the stock act?
The bill was passed by the Senate with only Senators Richard Burr , Jeff Bingaman , and Tom Coburn voting against it.
Who was the most prominent senator implicated in the scandal?
Senator Richard Burr , the most prominent Senator implicated in the scandal. He temporarily stepped down as Chairman of the Intelligence Committee during the investigation. Tucker Carlson called for Burr to resign from the Senate and be prosecuted for insider trading on a segment of Tucker Carlson Tonight.
How many transactions did Kelly Loeffler make?
Following the meeting Senator Kelly Loeffler and her husband Jeffrey Sprecher, the chairman of the New York Stock Exchange, made twenty-seven transactions to sell stock worth between $1,275,000 and $3,100,000 and two transactions to buy stock in Citrix Systems which saw an increase following the correction.
What happened to the stock market in 2020?
The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of COVID-19 pandemic in the United States and just before a stock market crash on February 20, 2020, using knowledge given to them at a closed Senate meeting. The Department of Justice initiated a probe into the stock transactions on March 30, 2020. No charges were brought against anyone and all investigations into the matter are closed.
When did Burr request the Senate Ethics Committee to investigate his stock trading history?
On March 20 , Burr requested for the Senate Ethics Committee to investigate his stock trading history and stated that he only used publicly available information to make his decisions. On March 30, the Department of Justice initiated a probe into the stock transactions with the Securities and Exchange Commission.
What is the 2020 insider trading scandal?
The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of COVID-19 pandemic in ...