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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]
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Congresstrading.com is a commercial website that provides access to a database of financial disclosures of members of the United States Congress. [1] It also provides a forum to discuss Congress' stock trades, according to WXII 12, an NBC affiliate news station. [2]
While in office, Perdue was among the most prolific stock traders in Congress, and was under federal investigation for possible insider trading on his sale of more than $1 million in stock to a ...
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 ...