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2,596 Trades in One Term: Inside Senator Perdue’s Stock Portfolio
"An examination of Mr. Perdue’s stock trading during his six years in office reveals that he has been the Senate’s most prolific stock trader by far, sometimes reporting 20 or more transactions in a single day."
I think it's safe to assume his constituants were not a priority. When a senator sits on a (sub)committee which can directly impact a company/industry, they should not trade any corresponding stocks. Regardless if there were any improprieties, senators may be seen as exploiting their powerful positions to generate profits for themselves.
@Sven - the latest buzz is that both he and Loeffler both invested in Dupont after receiving Covid briefings in February. Dupont is the maker/supplier of body bags and toe tags.
Since they are employees of the government, where is the watch dogs to ensure these sorts of conflict of interest do not take place? I understand there is annual reporting process on personal holdings. Diversified funds, ETFs, OEFs, index funds are okay where individual stocks are reviewed thoroughly.
Comments
I think it's safe to assume his constituants were not a priority.
When a senator sits on a (sub)committee which can directly impact a company/industry,
they should not trade any corresponding stocks.
Regardless if there were any improprieties, senators may be seen as exploiting their
powerful positions to generate profits for themselves.
More color on Perdue-Loeffler stock trading
Since they are employees of the government, where is the watch dogs to ensure these sorts of conflict of interest do not take place? I understand there is annual reporting process on personal holdings. Diversified funds, ETFs, OEFs, index funds are okay where individual stocks are reviewed thoroughly.