Profiting From The News Today : Breaking News, Live Updates & Top Stories | Vimarsana

UpdatedFri, May 21, 2021 at 1:25 pm ET
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Tom Malinowski, District 7 Congressman. (Photo by Ken Cedeno-Pool/Getty Images)
SOMERVILLE, NJ District 7 Congressman Tom Malinowski is speaking out after the Associated Press released a scathing article accusing him of using inside information to profit during the coronavirus pandemic.
The article published on Friday says that Malinowski has purchased or sold as much as $1 million of stock in medical and tech companies that had a stake in the virus response such as companies that were developing COVID-19 testing, or therapeutics to combat illnesses caused by the disease, according to the Associated Press.
Additionally, the article accuses Malinowski of not properly disclosing as much as $3.2 million in trades as required by Stock Act, a 2012 law intended to curtail congressional stock trading. ....

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