Not the first politician investigated for alleged insider trading in recent years.
Just as the Justice Department closed probes into Senators Dianne Feinstein of California, James Inhofe of Oklahoma, and former Senator Kelly Loeffler of Georgia for insider trading, New Jersey Representative Tom Malinowski has become the focus of ethics complaints about potentially using political information to fuel financial decisions.
The Stock Act of 2012 requires all legislators to report all stock trades within 45 days. Representative Malinowski failed to disclose $3.2 million worth of transactions in medical and tech stocks, some of which were part of companies involved in the recent COVID relief push. The New Jersey representative denies all ethics complaints, but admits that not filing his activities was “a mistake that I own 100 percent.”
As the Lord Leads, Pray with Us…
- For the Justice Department in their efforts to uphold accountability in Congress.
- That Congress members would focus on their responsibilities to their constituents for the good of the nation.
- For God’s justice to be done through federal, state, and local law enforcement.
Sources: AP, The Hill
