Rep. Debbie Wasserman Schultz (D-FL), theformer chairwoman of the Democratic National Committee, was seven months late disclosing a family stock sale, according to a federal financial document reviewed by Raw Story.
Rep. Debbie Wasserman Schultz (D-FL), theformer chairwoman of the Democratic National Committee, was seven months late disclosing a family stock sale, according to a federal financial document reviewed by Raw Story.
My biggest takeaway is that regardless of if they are abusing their positions with stock purchases and sales they really only have to report the transaction.
So lawmakers who sit on committees and have insider info can freely buy and sell things they have power of control over, so long as they report it.
It would be like robbing a bank but it’s A-OK so long as you announce it within 45 days of pulling it off. That’s not regulation, that’s a farce.