In what seems like a win for citizen journalism against insider stock trading by U.S. Congress and Senate members, U.S. Senator Tommy Tuberville from Alabama has stopped filing his stock trades in the past two months, which is unusual considering his past filing activity.
Namely, since Nancy Pelosi Stock Tracker released its trading bot on May 23, the Alabama Senator has stopped filing his trades, which he filed for 38 consecutive months before the bot’s release.
This could mean that Tuberville stopped making stock trades during this period, forgot to file his trades, which seems highly unlikely given his filing history, or started conducting his trades through an intermediary, which performs the trades in his name.
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Tuberville was one of the most active stock traders among the U.S. politicians
Since being elected into office in 2021, the Republican Senator has recorded over $36.4 million in 1,316 different stock trades, making him one of the most active U.S. politicians on the stock market since his appointment.
When comparing his buying and selling volume, sales slightly outpace purchases, with $19.64 million earned compared to $16.76 million invested.
This difference earned Tuberville a nice profit of $2.88 million during his four years of tenure, 16 times more than his reported annual salary of $177,000 as a U.S. Senator.
Tuberville’s stock trading history had several conflicts of interest
The Republican Senator started his term in the Senate by violating the Stop Trading on Congress Knowledge (STOCK) Act in July 2021 by failing to disclose around 132 stock trades within 45 days.
Another more recent controversial trade is his purchase of Humacyte (NASDAQ: HUMA) in 2023, which he since then sold for a profit after the stock surged over 100%, potentially implicating his position on the Armed Services Committee as he was trading based on insider information.
As things stand, it remains to be seen whether Tuberville just took a break from stock trading after filing his trades without missing a beat over three years or will be back with more trades until his current term expires in 2027.
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