Posted on 10/11/2022 8:41:55 AM PDT by crusty old prospector
Thousands of officials across the government’s executive branch reported owning or trading stocks that stood to rise or fall with decisions their agencies made, a Wall Street Journal investigation has found. More than 2,600 officials at agencies from the Commerce Department to the Treasury Department, during both Republican and Democratic administrations, disclosed stock investments in companies while those same companies were lobbying their agencies for favorable policies. That amounts to more than one in five senior federal employees across 50 federal agencies reviewed by the Journal.
A top official at the Environmental Protection Agency reported purchases of oil and gas stocks. The Food and Drug Administration improperly let an official own dozens of food and drug stocks on its no-buy list. A Defense Department official bought stock in a defense company five times before it won new business from the Pentagon.The Journal obtained and analyzed more than 31,000 financial-disclosure forms for about 12,000 senior career employees, political staff and presidential appointees.
The review spans 2016 through 2021 and includes data on about 850,000 financial assets and more than 315,000 trades reported in stocks, bonds and funds by the officials, their spouses or dependent children.
(Excerpt) Read more at stocks.apple.com ...
“there is the consideration of whether they are in a position to influence (either positively or negatively) future Govt contracts.”
It is not even a matter of influencing a contract. Just knowing that a lucrative contract is being awarded to a certain company can be important insider information to someone who is inclined to use it. Unfortunately this type of thing is hard to police however most Federal retirements plans do not allow an employee to request investments in specific stocks. They can do that with their own money however.
You know she was a stock broker at one time...and she KNEW the rules on insider trading...but she lied.
Totally agree.............
IOW corruption is built into the system.
HHS bought $290 million of radiation medicine from Amgen. Prior to the sale the Pelosi’s purchased 10,000 shares of Amgen.
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