Sen. Richard Burr’s (R-NC) brother-in-law sold upwards of $280,000 in stock on the same day that the GOP lawmaker dumped investments worth upwards of $1.72 million in companies that would be impacted heavily by the novel Coronavirus outbreak.
Nonpartisan ethics watchdog Foundation for Accountability and Civic Trust (FACT) filed a complaint with the Office of Congressional Ethics OCE) on Thursday, alleging that Rep. Donna Shalala (D-FL) violated federal law and House ethics rules by selling and then not reporting stocks.
The Department of Justice (DOJ) has launched an investigation into Sen. Richard Burr’s (R-NC) unloading of upwards of $1.72 million in stock ahead of the coronavirus pandemic.
A majority of Republican Senator Richard Burr’s constituents in North Carolina believe he should resign for selling upwards of $1.72 million in stock ahead of the coronavirus pandemic.
A newly filed lawsuit in federal court alleges Sen. Richard Burr (R-NC) may have committed securities fraud for selling upwards of $1.72 million in stock before the coronavirus pandemic reached its height in February
Members of Congress should be required to place their investments into blind trusts to avoid conflicts of interest, insider trading, and other forms of corruption related to their appropriations of taxpayer funds, said Peter Schweizer.
Sen. Richard Burr (R-NC) was one of only three members of the United States Senate to oppose bipartisan legislation in 2012 barring lawmakers from using non-public information to reap profits on the stock market.
Sen. Richard Burr (R-NC) is urging the Senate Ethics Committee to probe his decision to unload upwards of $1.72 million in stock before the Coronavirus pandemic reached its height in February.
“The STOCK Act makes it clear that if members of Congress use nonpublic information to gain an unfair advantage in the market, then they are breaking the law.”
Reps. Ilhan Omar (D-MN) and Alexandria Ocasio-Cortez (D-NY), two prominent members of the far-left “Squad,” have publicly expressed support for Tucker Carlson’s call for Sen. Richard Burr (R-NC) to resign for purportedly dumping up to $1.7 million in stock after receiving confidential coronavirus briefings.
Thursday, Fox News Channel’s Tucker Carlson called on Sen. Richard Burr (R-NC) to resign after reports show he sold off hundreds of thousands of dollars in stock after signaling a warning to a group called the Tar Heel Club about the threat of the coronavirus.
Congressman Chris Collins (R-NY) resigned from his seat effective Monday ahead of an expected guilty plea for insider trading.
On Monday’s Breitbart News Daily, Breitbart News Senior Editor-at-Large Peter Schweizer discussed President Trump’s appointment of former Alabama Congressman Spencer Bachus to the board of directors for the Export-Import Bank.
A Washington, D.C.-based political intelligence firm founded by Edward Kennedy, Jr., son of the late Massachusetts Senator, is being fined by the Securities Exchange Commission (SEC) in a case involving the handling of sensitive government information.
The U.S. District Court for Southern District of New York has just ruled that congressional staff members cannot seek immunity from insider trading investigations conducted by the Securities and Exchange Commission (SEC).
After serving eleven terms in Congress, Rep. Spencer Bachus (R-AL) announced on Monday he will not seek reelection. “It is time for someone else,” said Bachus. After chairing the powerful House Financial Services Committee for six years, Bachus gave up his chairmanship
Critics of lawmakers using DC information for Wall Street pay dirt found an unlikely ally Tuesday night: Jon Stewart, the host of the left-leaning Daily Show. Stewart lambasted Congress and President Barack Obama for quietly killing a key provision of
Rep. Spencer Bachus (R-AL), who was cleared by the Office of Congressional Ethics of insider trading charges, is now busy collecting donations for his legal defense fund from the banking interests who stand to benefit most from his influence on
Even as RightOnline bloggers headed to the bars and the blackjack tables, the words of pollster Scott Rasmussen at the conference’s final dinner echoed in our minds. On the one hand, he explained, the vast majority of Americans agree that
When you set the ethics bar as low as they do in Washington, DC, it’s easy for just about anyone to clear it. In our nation’s capital, the permanent political class gets to play by a different set of rules
Breitbart editor Peter Schweizer and the late Andrew Breitbart spent roughly six months coordinating an effort to ban members of Congress from using nonpublic information to profit themselves. On Thursday, their combined efforts came to fruition when the STOCK (Stop
The bill that was to ban members of Congress from using nonpublic information to profit their private investments has ground to a halt due to inaction by Senate Majority Leader Harry Reid (D-NV), reports The Hill newspaper: One thing is clear:
The bill spearheaded by Breitbart editor Peter Schweizer banning members of Congress from using nonpublic information to profit their personal investments may hit a wall in the form of Sen. Harry Reid (D-NV). On Monday, Mr. Reid indicated that he may simply accept the
On Wednesday, Chairwoman of the Securities and Exchange Commission Mary Schapiro said she welcomed the STOCK (Stop Trading On Congressional Knowledge) Act banning members of Congress from using nonpublic information to make their investments but was unsure the SEC could
Is Bachus Waiving Goodbye or Hello? Beating back corruption is hard work. Look no further than Rep. Spencer Bachus (R-AL), who is under investigation by the Office of Congressional Ethics about a series of stock trades he made during the 2008 financial crisis.
Rep. Nita Lowey (D-NY) support for a bill banning members of Congress from using insider information to enrich themselves is being overshadowed by a report by the Wall Street Journal that the congresswoman’s husband, Stephen Lowey, invested $350,000 in a fund co-founded
When Peter Schweizer uncovered evidence of insider trading by Republican chairman of the House Financial Services Committee Spencer Bachus (R-AL), and 60 Minutes reported on it, I was the first person to call for Rep. Bachus to resign. That was November 14, 2011. Now, with news that the Office
Rep. Spencer Bachus (R-AL), whose financial transactions while ranking member of the House financial services committee were exposed by Breitbart editor Peter Schweizer, is now the target of an insider trading inquiry by the Office of Congressional Ethics, according to theWashington
On Thursday, the Senate voted 96-3 to ensure that the same insider trading laws that apply to citizens also extend to members of Congress. But as the Associated Press points out, elected officials enjoy at least seven legal exemptions that
Breitbart editor Peter Schweizer’s battle to ban members of Congress from using private information to enrich themselves scored a stunning victory on Thursday when the U.S. Senate voted 96-3 to pass the STOCK (Stop Trading On Congressional Knowledge) Act. While
The Senate’s 96-3 vote to ban members of Congress from using nonpublic information to inform their private investments brought with it important additional amendments that stand to shape the debate next week as the House takes up the STOCK (Stop
On Tuesday, Sen. Rand Paul (R-KY) fired a frontal assault on the Obama Administration when he took to the floor of the Senate to offer a series of amendments to the congressional insider trading bill known as the STOCK (Stop
On Tuesday, the New York Republican State Committee issued a press release blasting Sen. Kirsten Gillibrand (D-NY) for cosponsoring a ban on insider trading when her husband shorted housing stocks 34 times and made a “killing” during a period when
Democrats controlled all three branches of government for the first two years of President Barack Obama’s presidency and did nothing to advance congressional insider trading reform. Indeed, former Speaker of the House Nancy Pelosi (D-CA) and Sen. John Kerry (D-MA)
In the wake of Monday’s bipartisan 92-3 Senate vote to take up legislation that would ban members of Congress and their staffs from profiting from the use of nonpublic information when investing, freshman Congressman Sean Duffy (R-WI) believes the much-discussed
The Senate is taking up the STOCK Act today, though the House continues to drag its feet. The Senate meets at 2 p.m. for speeches, and then at 4:30 p.m. starts work on the Stop Trading on Congressional Knowledge (STOCK)
Breitbart editor Peter Schweizer’s battle against congressional insider trading will enter a critical phase this week as the Senate is set to vote on a bill banning members of Congress from using material, nonpublic information to make private investments. From
WASHINGTON (AP) – Aware that most Americans would like to dump them all, members of Congress hope to regain some sense of trust by subjecting themselves to tougher penalties for insider trading and requiring they disclose stock transactions within 30
As reported by Big Government: Rep. Spencer Bachus (R-AL), who was the subject of allegations of congressional insider trading, has indicated that he will not seek to extend his term as chair of the House Financial Services Committee after 2012.