Rep. Jamie Raskin Allegedly Violated STOCK Act by Not Disclosing Wife’s $1.5M Stock Payout

[mystery-ak]

Rep. Jamie Raskin Allegedly Violated STOCK Act by Not Disclosing Wife’s $1.5M Stock Payout

Jordan Dixon-Hamilton 3 Feb 2022

Democrat Rep. Jamie Raskin (D-MD) allegedly violated the Stop Trading on Congressional Knowledge (STOCK) Act by failing to disclose his wife’s $1.5 million stock payout, according to Business Insider.

President Joe Biden nominated Raskin’s wife, Sarah Bloom Raskin, for vice chairwoman of supervision at the Federal Reserve, a vital financial position. Raskin’s wife previously served at the top levels of the U.S. Treasury and the Federal Reserve during former President Barack Obama’s administration.

Raskin took eight months to disclose his wife’s sale of 195,936 shares of Reserve Trust, where she sat on the advisory board. This sale resulted in $1.5 million in profit for Raskin’s wife.


Sarah Bloom Raskin, a nominee to be the Federal Reserve’s Board of Governors vice chair for supervision, speaks during the Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Thursday, Feb. 3, 2022, in Washington. (Ken Cedeno/Pool via AP)

more
https://www.breitbart.com/politics/2022/02/03/rep-jamie-raskin-violated-stock-act-not-disclosing-wifes-1-5m-stock-payout/

[Kamaji]

Some real teeth need to be put into these laws.  Trading by members of Congress, federal officials, and their family members, should be tightly limited and controlled, and the penalty for a violation should be disgorging the gross proceeds - not just the profits - attributable to that violation.

[IsailedawayfromFR]

This is one smug leftist we need to squash

[rangerrebew]

Democratic Rep. Jamie Raskin failed to properly report a massive stock holding and payout for his wife — a Biden banking regulator nominee

Kimberly Leonard and Bryan Metzger
Feb 3, 2022, 11:37 AM
President Joe Biden has nominated Sarah Bloom Raskin to the position of vice chairwoman of supervision at the Federal Reserve.
 

    Biden nominated Sarah Bloom Raskin as the Fed's vice chairwoman of supervision.
    Her husband's paperwork shows the couple failed to properly disclose large holdings in Reserve Trust, a fintech company.
    The late disclosures are a violation of the Stop Trading on Congressional Knowledge Act of 2012.
 .

Democratic Rep. Jamie Raskin of Maryland violated a federal conflict-of-interest law by failing to properly disclose stock shares his wife received for advising a Colorado-based financial technology trust company.

https://www.businessinsider.com/democratic-rep-jamie-raskin-violated-federal-conflict-of-interest-law-2022-2

[bilo]

I heard an NFL player say if Congressmen can play the market why can't NFL players bet on games.

[Free Vulcan]

Same guy that heads the Jan 6 commission? Need to be focused on and exposed, and let the fallout come down on the already compromised committee.