Reckless stock trading leaves Congress rife with conflicts

By artappraiser on Mon, 05/15/2017 - 5:18pm |

After the furor over Tom Price’s (health care related) investments, four more members quietly bought shares in the same firm.

By Maggie Stephens @ Politico.com, May 14

[....] what many saw as a scandal, others saw as an opportunity. On the very day that Wyden was decrying Price’s bad judgment, Rep. Doug Lamborn, Republican of Colorado, bought shares of the same tiny Australian company, Innate Immunotherapeutics. Within two days three more members also bought in — Republicans Billy Long of Missouri, Mike Conaway of Texas and John Culberson of Texas. Conaway added more shares the following week.

These brazen decisions to gobble up shares of a little-known firm at the very moment when such trading was being decried as an abuse of power reflects Congress’ anything-goes culture around stock investments [....]

URL:

http://www.politico.com/story/2017/05/14/congress-stock-trading-conflict-of-interest-rules-238033