A complaint filed Monday in the Office of Congressional Ethics claims New York Democratic Rep. Tom Suozzi failed to properly disclose nearly $900,000 in stock transactions.
The report noted Suozzi did not report 31 stock trades from 2017 to 2021, totaling $855,000.
N.Y. Democratic Rep. failed to report nearly $900,000 in stock trades: ethics complaint | Just The News https://t.co/7MJHOqSn2Z
— John Solomon (@jsolomonReports) April 6, 2022
“Suozzi not only failed to make timely and accurate disclosures, but his delay was so egregiously extreme it was impossible for the public to monitor those trades,” the Foundation for Accountability and Civic Trust (FACT) wrote in a letter to the Congressional Ethics office.
Ethics Complaint Claims New York Democrat Failed to Report $885,000 in Stock Trades https://t.co/3VfQLhqQNJ
— The Real SpaceWeasel (@SpaceWeasel) April 6, 2022
If found to be in violation of disclosure laws, members of Congress face up to one year in prison and a fine of more than $60,000, the Campaign Legal Center stated.
The report regarding Suozzi comes shortly after Congress has been pressured to pass a bill to ban stock trading by an active member of the House and Senate.
The latest complaint shows once again the need for better safeguards in the area, with the widespread breaking of current rules allegedly occurring.