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So he purchased it... of course he didn't know about the purchase until after it was purchased but then it was cancelled so he didn't REALLY own the stock... that's some fancy dancing right there.
Inhofe's communications director Leacy Burke told CNN in a statement that "the senator was not aware of this stock purchase until it came through the system very early this morning."
"All of Sen. Inhofe's financial transactions are handled by a third-party adviser," Burke said. "The senator has had no involvement in and has not been consulted about his stock transactions."
Burke said that Inhofe told his financial adviser to reverse the transaction once he was aware.
"This means that the transaction was canceled before it was settled; the senator never took ownership of it," she said.
If true, then he's fine. If not, then he should be prosecuted.
Congress is exempt from insider trading laws.
We're supposed to believe that his financial adviser is that bad?
That they thought putting him in raytheon would be perfectly fine?
Any defense contractor/business should have been a no-go in their instructions, right?
So he purchased it... of course he didn't know about the purchase until after it was purchased but then it was cancelled so he didn't REALLY own the stock... that's some fancy dancing right there.
Inhofe's communications director Leacy Burke told CNN in a statement that "the senator was not aware of this stock purchase until it came through the system very early this morning."
"All of Sen. Inhofe's financial transactions are handled by a third-party adviser," Burke said. "The senator has had no involvement in and has not been consulted about his stock transactions."
Burke said that Inhofe told his financial adviser to reverse the transaction once he was aware.
"This means that the transaction was canceled before it was settled; the senator never took ownership of it," she said.
Another self-dealing crook exposed.
Senator purchased stock in defense contractor after pushing for more military spending
Republican Sen. James Inhofe of Oklahoma, the chairman of the powerful Senate Armed Services Committee, purchased thousands of dollars in defense stock after successfully pushing the Trump administration for more Defense Department spending.
According to his Senate financial disclosure report, Inhofe listed a purchase of $50,000-$100,000 in stock in US defense contractor Raytheon. Inhofe's communications director said he canceled the transaction when he became aware of it.
Congress is exempt from insider trading laws.
I suppose someone in the new dem house will want to remedy that situation. Actually, any congressperson should want to remedy that situation.
Both sides benefit from that and all the other exemptions. So I wouldn’t expect anything to change.
We're supposed to believe that his financial adviser is that bad?
That they thought putting him in raytheon would be perfectly fine?
Any defense contractor/business should have been a no-go in their instructions, right?
Congress is exempt from insider trading laws.
Close, but not quite...albeit the trades can be "fuzzy". OTOH, you point out a great disparity and a level of corruption that Americans shouldn't tolerate; the habit of Congress to exempt themselves from laws others must follow.
https://theintercept.com/2015/05/07/congress-argues-cant-investigated-insider-trading/
https://www.bloomberg.com/opinion/a...ess-s-guide-to-insider-trading-and-corruption
Collins didn't gather the inside information in Congress — that would violate the 2012 Stock Act, which made it illegal for members and their staff to trade on privileged knowledge having to do with ongoing legislation.
https://www.politico.com/story/2017/05/14/congress-stock-trading-conflict-of-interest-rules-238033
POLITICO found that 28 House members and six senators each traded more than 100 stocks in the past two years, placing them in the potential cross hairs of a conflict of interest on a regular basis. And a handful of lawmakers, some of them frequent traders and some not, disproportionately trade in companies that also have an interest in their work on Capitol Hill.
I’ve consistently been against Congress being exempt from the laws they pass. Even when they remedy it, they actually leave themselves loopholes, as you point out.
States do the same. Here in NC the members of the General Assembly have special license plates on their cars, because they are exempt from traffic laws while they are in session.
Congress is exempt from insider trading laws.
Another self-dealing crook exposed.
Senator purchased stock in defense contractor after pushing for more military spending
Republican Sen. James Inhofe of Oklahoma, the chairman of the powerful Senate Armed Services Committee, purchased thousands of dollars in defense stock after successfully pushing the Trump administration for more Defense Department spending.
According to his Senate financial disclosure report, Inhofe listed a purchase of $50,000-$100,000 in stock in US defense contractor Raytheon. Inhofe's communications director said he canceled the transaction when he became aware of it.
How'd I know he was a Republican before I opened the thread
If true, then he's fine. If not, then he should be prosecuted.
How'd I know he was a Republican before I opened the thread
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