The post U.S. politician under fire for declaring suspicious trade at the end of 2024 appeared on BitcoinEthereumNews.com.

Congressional stock trading has become a hugely contentious issue over the past couple of years.  Senators and representatives have access to a level of information that the general public is not privy to. Worse still, lawmakers regulate the very industries they are investing in — quite often, they even sit on congressional or senatorial committees focusing on specific sectors. Little headway has been made in curtailing the practice. The STOCK Act, which regulates congressional trading, is violated on a regular basis. Politicians have 45 days to disclose any trade exceeding $1,000 — and the penalty for failing to do so is a mere $200.  To use a real-world example, California representative Darrell Issa filed a $175 million trade in September of 2024 — however, he was 580 days late. The $200 fine he had to pay was 875,000 times smaller than the sum of his investment. On top of that, while congressional stock trades are reported, the reporting is done in wide ranges — to use the most basic example, a $1,000,000 trade and a $5,000,000 trade fall into the same category, so the exact amounts being invested are obscured. Finbold’s senatorial trading radar recently picked up on the fact that the junior Senator from Oklahoma, Markwayne Mullin, had filed a set of transactions on December 31 — including one from July. A closer look at the trades reveals a sight that bears all the hallmarks of a controversial congressional trade. Receive Signals on US Senators’ Stock Trades Stocks Stay up-to-date on the trading activity of US Senators. The signal triggers based on updates from the Senate disclosure reports, notifying you of their latest stock transactions. Enable signal Mullin failed to disclose a $15,000 investment in an educational company The filing in question includes 24 transactions — most of which…

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Filed under: News - @ January 2, 2025 10:20 am