represent. Julia Letlow The Louisiana Republican reportedly violated federal transparency laws by failing to disclose her personal stock trades within a required time frame.
Letlow, the third-term congresswoman from Louisiana, failed to disclose 224 stock and bond trades within the 45-day reporting window required by the Stop Trading on Congressional Knowledge (STOCK) Act, NOTUS reported Thursday. Letlow also revised all five of its annual financial disclosures from 2020.
The deals, some of which were disclosed more than a year later, were valued at between $225,000 and $3.3 million. Letlow’s stock trades include shares in Magnificent 7 companies such as alphabet inc. (NASDAQ:GOOGL), amazon.com (Nasdaq: AMZN), apple inc. (NASDAQ: AAPL) and Yuan Platform Company (NASDAQ: META).
Don’t miss:
Some other stocks are Chevron Corporation (NYSE: CVX), Citigroup (NYSE: C), Goldman Sachs Group Inc. (NYSE: GS), Las Vegas Sands (NYSE:LVS),, next generation energy company (NYSE: NEE), Pfizer (NYSE: PFE), Philip Morris International (NYSE: PM), TSMC (NYSE:TSM), and UnitedHealth Group, Inc. (NYSE: UNH).
Letlow’s office acknowledged the violations, but a spokesman Matt Smith The congresswoman was not directly involved in the transactions, which were managed by investment firm Merrill Lynch, told the publication. The company has the right to make these decisions without consulting Letlow. Her office has been notified house ethics committee and is committed to ensuring transparency in the future.
Letlow’s delayed disclosure comes amid a bipartisan effort to ban members of Congress and their families from owning or trading individual stocks, with Senator Letlow introducing the Restoring Confidence in Congress Act. Kirsten Gillibrand (D.N.Y.) and Ashley Moody (R-Fla.) Thursday.
See also: This real estate fund pays out 10 times more than a regular savings account – invest with just $100
Signed into law in 2012 by former President barack obamathe STOCK Act prohibits members of Congress from using nonpublic information for personal gain and requires expanded, regular disclosure of their financial transactions. Under the Stocks Act, members of Congress must disclose transactions exceeding $1,000 within 45 days. A first violation will result in a $200 late fee.
