Senate Republican busted violating stock law she helped pass

Source: msn/Rawstory

12h


Sen. Susan Collins (R-ME) has been caught violating a congressional stock trading disclosure rule that she played a big part in advocating for over a decade ago.

According to Dave Levinthal of NOTUS, "Collins’ husband, Thomas Daffron, purchased a Pfizer corporate bond worth from $15,001 to $50,000 on February 3, but Collins didn’t disclose the purchase to the Senate until Wednesday."

By not disclosing this on time, Collins, who sits on Senate committees that oversee several executive branch agencies overseeing Pfizer, violated the Stop Trading on Congressional Knowledge (STOCK) Act — one of many dozens of lawmakers in both parties who have disregarded this law to varying degrees in recent years.

Blake Karen, a spokesperson for Collins, explained in an email to NOTUS, “Tom Daffron’s investment decisions are made exclusively by a third-party advisor without his consultation. Due to a delay in notification from the third-party advisor, the disclosure forms for these bonds were submitted five days behind schedule.”

Read more: https://www.msn.com/en-au/politics/government/senate-republican-busted-violating-stock-law-she-helped-pass/ar-AA1Zuacg