NYT Investigation Finds Whitehouse Traded Stock in Companies in Which He Had Oversight
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NYT Investigation Finds Whitehouse Traded Stock in Companies in Which He Had Oversight
U.S. Senator Sheldon WhitehouseA major investigation by The New Times released today finds that U.S. Senator Sheldon Whitehouse is one of the members of Congress who traded stock in public companies that came before the committees in which they serve.
This is the second time in recent months that Whitehouse's stock trading has come under scrutiny.
“U.S. lawmakers are not banned from investing in any company, including those that could be affected by their decisions. But the trading patterns uncovered by the Times analysis underscore longstanding concerns about the potential for conflicts of interest or use of inside information by members of Congress, government ethics experts say,” the New York Times reported on Tuesday.
According to the Times, between 2019 and 2021, the timeframe the publication studied, Whitehouse and his wife Sandra conducted trades in 35 companies with four with potential conflicts, including CVS.
The Whitehouses have not placed their investments in a blind trust but told the Time the investments are handled by a broker.
Whitehouse Failed to Report Properly in 2022
This is not Whitehouse’s only stock trading issue.
Business Insider and several other news organizations have identified 72 members of Congress, that includes Whitehouse, who've recently failed to properly report their financial trades as mandated by the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act.
