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The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of the COVID-19 pandemic in the United States and just before a stock market crash on February 20, 2020, using knowledge given to them at a closed Senate meeting.
In their debate before the Nov. 3 election, Jon Ossoff challenged Perdue on the probes into his stock dumping. Georgia Sen. David Perdue will go head-to-head with Jon Ossoff in the 2020 U.S ...
On Jan. 23, as word spread through Congress that the coronavirus posed a major economic and public health threat, Perdue sold off $1 million to $5 million in Cardlytics stock at $86 a share before ...
Perdue was linked to the 2020 congressional insider trading scandal for allegations of STOCK Act violations. The basis was stocks he sold before the 2020 stock market crash allegedly using knowledge from a closed Senate meeting. [9] The U.S. Department of Justice closed its inquiry in mid-2020 without bringing charges. [10] [11]
Sen. David Perdue invested in the pharmaceutical company after Pfizer warned the coronavirus pandemic ‘could adversely impact’ operations. ... an analysis revealed Perdue may have used insider ...
The government watchdog group Common Cause filed complaints with the Justice Department, the Securities and Exchange Commission and the Senate Ethics Committee, alleging possible violations of the STOCK Act and insider trading laws in the matter of stock sales by Loeffler and three other senators, Richard Burr, Jim Inhofe, and Dianne Feinstein ...
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In November 2020, Krishnamoorthi called for the investigation of Senator David Perdue's stock trades involving a defense contractor while he was on the Senate Armed Services Committee. [68] In May 2020, Krishnamoorthi had called for members of Congress to be banned from trading individual stocks in response to allegations of insider trading ...