May 24, 2022

Dem Rep failed to disclose nearly $900K in stock transactions

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.

“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.

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.

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1 month ago

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Taz69 (@guest_1285473)
1 month ago

Why does the congress not go after the great REV A. Sharpton, or the REV who was the one who loudly exclaimed ‘DEATH TO AMERICANS’ ‘DEATH TO AMERICANS.’ Take more from those WITH MANSIONS, MULTIPLE MANSIONS, EVEN WITH FOLKS WHO HAVE 3 OR 4 HOMES. But this would never happen bb/c they want all of everything to themselves, leaving us Americans to deal with all the UNCHECKED illegal aliens for covid. The gov has purposely put many, many into red states tso that no Republican can ever be elected again. IF that happens, WE WILL NOT BE SPEAKING about it. There WILL BE ACTION GREGARGIOUS ACTIONS TAKEN! SWIFTLY.

cozycalico (@guest_1285483)
1 month ago

The fine should be equal to amount failed to report. Why is it not???

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