Rye Catcher
Platinum Member
- Nov 21, 2019
- 12,780
- 7,607
- 940
- Banned
- #1
2,596 Trades in One Term: Inside Senator Perdue’s Stock Portfolio (Published 2020)
The Georgia Republican’s stock trades have far outpaced those of his Senate colleagues and have included a range of companies within his Senate committees’ oversight, an analysis shows.
www.nytimes.com
" The Georgia Republican’s stock trades have far outpaced those of his Senate colleagues and have included a range of companies within his Senate committees’ oversight, an analysis shows. "
Republican Sen. David Perdue's stock portfolio shows he'd occasionally make at least 20 trades in one day, per a New York Times investigation
He made 2,596 trades over his first term, according to the New York Times. He faces a runoff election for his seat on Jan. 5.
www.businessinsider.com
"The report revealed that during his six years in office, Perdue carried out 2,596 trades, which makes up almost a third of all trades by senators over the same time period. Sometimes, that meant Perdue made 20 or more transactions in the span of a day, The Times noted.
"The data comes as Perdue has faced public scrutiny over the past several months for potential conflicts of interest while stock trading as a member of Congress. He drew criticism in the spring after the Atlanta Journal-Constitution reported that he bought stock in a personal protective equipment company on January 24 — the same day he received a classified Senate briefing on the coronavirus. (The Times reported last week that the Justice Department had been investigating the senator's stock activity around the start of the pandemic; that case was dropped without charges.)
"The Times details many other transactions Perdue made in his first term. While serving on the Senate Armed Services Committee's cybersecurity panel, Perdue bought and sold shares of a cybersecurity firm called FireEye, the newspaper found. He also bought and sold shares of companies such as Bank of America, JPMorgan Chase, and Regions Financial, while a member of the Senate Banking, Housing, and Urban Affairs Committee, which oversees those firms, the report noted."