Dem Rep. Goldman Sold up to $15K Bank Stock Days Before Value Fell
Democrat Rep. Goldman sold up to $15,000 worth of stock in PacWest Bancorp just two days before the bank’s stock took a significant plunge.
Stay updated with breaking news from Congressional Knowledge. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Democrat Rep. Goldman sold up to $15,000 worth of stock in PacWest Bancorp just two days before the bank’s stock took a significant plunge.
The bill would give members of Congress 90 days to divest their stock holdings.
Democratic Florida Rep. Lois Frankel sold stock in First Republic as its price plummeted and bought JPMorgan stock soon before it purchased First Republic.
Nash Trumbly Reporter Insider trading: the practice of buying or selling securities based on non-public information. It is considered illegal in the United States and is regulated by the Securities and Exchange Commission (SEC). But in the U.S. congress, where lawmakers often have access to sensitive information that could impact the stock market, insider trading…
Maryland Sens. Ben Cardin and Chris Van Hollen have joined 19 of their colleagues in introducing legislation that would prohibit members of Congress, their spouses and dependent children from trading stocks.