Finbold last week unveiled a report exposing that four out of ten members on the House Ethics Committee, entrusted with enforcing the STOCK Act, stand accused of violating the very federal law they are mandated to uphold.
Remarkably, these committee members are said to have accumulated over 190 violations of the STOCK Act, which seeks to prevent insider trading among members of Congress and certain government officials.
As the gravity of these violations unfolds, the intrigue deepens with another revelation from retail trading data platform Quiver Quantitative. On December 10, the X account disclosed that a former Representative, accused of violating the STOCK Act over 300 times, is set to return to Congress.
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Thomas Suozzi to reclaim Congress seat
As revealed by Quiver Quantitative, former US Rep. Tom Suozzi is poised to regain his house seat following the expulsion of former Congressman George Santos and was nominated for the special election to complete the remainder of Santos’ term.
According to Quiver, Suozzi has breached the Stock ACT more than 300 times, raising further concerns about the credibility and effectiveness of this legislation.
The X account, which meticulously tracks suspicious stock trades made by Congress members and other US politicians, said it was no surprise that a former US Rep. with such a high number of violations is returning to the house.
“I wish I could say this is unusual, but it’s pretty par for the course for congressmen.”– Quiver said.
Suozi, who was battling former state Senator Anna Kaplan over Santos’s seat, came out on top after the latter suspended her campaign. Kaplan endorsed Suozi after he was selected by Democratic leaders to be the party’s standard bearer in the Feb. 13 special election.
The ex-Rep. gave up his congressional seat last year to launch a bid for governor but lost that battle to incumbent Gov. Kathy Hochul. Suozzi then ended up joining a lobbying firm, Actum, as a co-chair.