On January 18th, the day news broke of plans for the video game company to be purchased by Microsoft, Rep. Marjorie Taylor Greene sold up to $15,000 worth of the stock she held in the company.
She reported capital gains of more than $200 on the disclosure form she filed with the Clerk of the House of Representatives. It was not immediately clear how much the freshman Republican from Georgia made from the sale.
A stock trade disclosure from a Republican.
The US House of Representatives.
Microsoft announced plans to acquire video-game giant. The deal will be the largest ever in the tech industry. On the same day, the price of the company went up.
The STOCK Act does not appear to have been violated by this trade.
The most active stock traders in Congress are Greene. She was the first member of Congress to invest in Donald Trump's social media company, TRUTH social, and INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals
The recent sale of stock by the company was not immediately commented on by the office. In September, he told Insider, "I have an independent investment advisor that has full discretionary authority on my accounts." I don't direct any trades.
Insider's new investigative reporting project, "Conflicted Congress," which chronicled the ways members of the US House and Senate have eviscerated their own ethical standards, avoided consequences, and blinded Americans to the many moments when lawmakers' personal finances, came in the background of Greene's stock
54 members of Congress have failed to properly report their financial trades as required by the Stop Trading on Congressional Knowledge Act of 2012 according to the project.
In December, Pelosi said that lawmakers should be allowed to trade individual stocks, but this month she said she was open to banning stock trading for lawmakers.
"If members want to do that, I'm okay with that," Pelosi said.
Microsoft was the second most popular stock among members of Congress, according to an Insider analysis. As part of Insider's "Conflicted Congress" project, Greene received a "solid" rating on the strength of her disclosure of her stock trades on time.
Only 10 members of Congress have put their assets in a "qualified blind trust", which is a formal, congressionally approved financial vehicle that is independently managed by a Trustee. He is not among them.
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