To request permission for commercial use, please contactus. Tuberville disclosed that he bought $50,000 to $100,000 worth of Cleveland-Cliffs (CLF: US) shares on July 18. FORMER FIRST LADY OF ALA. A&M UNIVERSITY,MRS. Sen. TommyTuberville(R-Ala.)boughtandsoldmore than $1 million worth of securities during hisfirst five months in the Senate, buying and selling stock in some companies with business before his committees, according to a filing released Friday. Dr. Deborah Malumed, the wife of Mr. Lowenthal, the California Democrat, bought or sold Sunrun which installs solar energy systems in homes on 97 occasions during a yearlong period, according to his disclosure statements. Ban Congressional Stock Trading Act. The analysis shows that 13 lawmakers, including Mr. Gibbs and other members of the House oversight panel, reported that they or immediate family members had bought or sold shares of companies that were under investigation by their committees between 2019 and 2021, encompassing years in which Democrats controlled the House and control of the Senate swung from Republicans to Democrats. 13, 2022. U.S. Sen. Tommy Tuberville, R-Alabama, bought or sold stock and stock options in at least 17 companies with business before Senate committees he serves on, according to a report in The New. In a closely contested election, Warnock defeated former football star Herschel Walker (R), winning 51.2 percent of the vote to the Republican's 48.8 percent, as of an Associated Press call late Tuesday . Sen. Tommy Tuberville (R-AL), one of Congress' worst violators of the STOCK Act, complained that proposals to ban members of Congress from trading stocks would "really cut back" on the number of people willing to serve. Tommy Tuberville. 34 potential conflicts. The American people dont want us day trading for profit, and engaging in active trading of the very equities that are connected to the policies that we are deciding on and voting on every day, said Representative Chip Roy, a Texas Republican. Insider's "Conflicted Congress" investigation identified 55 lawmakers who failed to properly report their financial trades last year as mandated by the Stop Trading on Congressional Knowledge Act, also known as the STOCK Act. Under ethics rules, senators can report their stock purchases in ranges, not precise dollar values. He previously worked as an investigative editor at the Tampa Bay Times and a reporter at Newsday and the Palm Beach Post. Tuberville bought up to $265,000 in Intel stock on Aug. 5, according to a filing released Thursday. Sen. Tommy Tuberville and Reps. Pat Fallon and Blake Moore all reportedly failed to disclose dozens of trades worth up to $22 million within the 45 days mandated by a 2012 law called the. Upon becoming aware of the transactions, thesenatorexpeditiously prepared and submitted this reportto the Senate Ethics Committee. Trading on inside information is illegal, although legislators are allowed to trade stocks, even if policies they make through various committees they sit on or information they learn by sitting on those committees could affect their financial portfolios and entire industries. Additional production by Rumsey Taylor. Sign up for notifications from Insider! For example, the following shows the governmental trades regarding Microsoft which can be shown with. From July 7 to October 12, 2021, he traded futures in a range of $1,001 and $15,000. A spokesperson for Tuberville did not immediately return Insider's request for comment. This time it was Alabama Republican Senator Tommy Tuberville, who . Mr. Cohen said he had deliberately sold Boeing shares only after its price had fallen while it was under investigation for the 737 Max crashes by the Transportation and Infrastructure Committee, of which he is a member, to avoid potential criticism. Collectively, these stories undermine the American peoples faith and trust in the integrity of public officials and our federal government.. Show details. A spokesperson for. as well as other partner offers and accept our. Reported trades in 276 companies; Top editors give you the stories you want delivered right to your inbox each weekday. A spokesman for Mr. Phillips said that he did not direct the sale or purchase of any stocks after being elected in 2018 to avoid even the perception of a conflict of interest with his official duties in Congress. Some of the transactions occurred after January 2020, when the representative said Mr. Phillips began moving most of his stocks into a blind trust, a process that took 18 months. Stock Trades Reported by Nearly a Fifth of Congress Show Possible Conflicts, A running investigation by the website Insider, cottage industry of social media accounts, lost a $10 billion contract with the Defense Department. Reported trades in 36 companies; ", "I think it would really cut back on the amount of people that would want to come up here and serve, I really do," Tuberville added. I give them money, say to them: Im in public service now; you do it. Her husband, Paul Pelosi, is a real estate and technology investor who reported buying and selling between $25 million and $81 million worth of stocks, options and other financial assets between 2019 and 2021, according to Ms. Pelosis filings. Investments made by the Pelosis, who are multi-millionaires, attracted attention in investing circles online, and spurred calls to rein in trading among members of Congress and their spouses. Tuberville Thomas H Filings Combined Trade Report Disclosure Filing List Senate Stock Transactions - 2022 SEC.report | Contact | | Data is automatically aggregated and provided "as is" without any representations or warranties, express or implied. Ms. Lofgren said during an April hearing on how to curb congressional stock trading that her husbands stocks were managed by some guy at the bank without the couples knowledge. WASHINGTON, DC - JULY 21: Sen. Tommy Tuberville (R-AL) rides in a Senate elevator near the Senate Chambers in the U.S. Capitol on July 21, 2022 in Washington, DC. As a member of the Senate health committee, he bought and sold shares of major pharmaceutical and medical services companies. The Houston Oilers drafted Largent in 1976 but traded him . In the House, eight members of the Armed Services Committee reported transactions in defense or aerospace stocks. He is not currently a member of the Financial Services Committee, though he served on the panel during the period covered by the analysis of his stock trading. In July, while the Senate was in the final weeks of negotiating the bipartisan infrastructure bill, Sen. Tommy Tuberville (R-Ala.) bought and sold between $170,000 and $475,000 in stock and options of a mining and steel manufacturing company that said it could benefit greatly from the infrastructure plan. That purchase, about the equivalent of 28,571 to 71,248 boxes of family size Chips Ahoy cookies, would end up being worth between $150,861 and $377,150 as of the end of trading on Thursday, for nearly a 55 percent gain. Canter said that Senate ethics rules, specifically rule 37.1, are intended to be broad prohibitions against members deriving financial benefits from their official positions, whether that benefit comes directly or indirectly. In August, the committee said it had dismissed the matter. Some of the 132 stock trades Sen. Tommy Tuberville (R-Ala.) reported on Friday involved the defense contractor Alcoa. Mr. Rutherford appeared to be late in reporting more than 150 trades, according to an analysis by the Office of Congressional Ethics, which valued the trades involved at between $652,000 and $3.5 million. Federal Election Commission filings show Tuberville bought and sold more than $1 million in securities in his first five months in office . Tuberville was one of the worst violators of the STOCK Act in 2021, disclosing 132 stock trades weeks or months late withtransactions totaling at least $894,000. Im a staff writer at Forbes, reporting on money and politics. One lawmaker, Representative Angie Craig, Democrat of Minnesota, said her son had begun buying and selling a range of stocks without her knowledge while he was at college much to her chagrin. By Kate Kelly,Adam Playford,Alicia Parlapiano and Ege UzSept. Tommy Tuberville, one of the most active Senators on Wall Street, disclosed that he made tens of new trades in August. I have never discussed any congressional matter, including the Boeing 737 Max investigation, with our broker and would never do so, he said. The group was split almost equally between Democrats and Republicans. And as a member of the agriculture committee and its subcommittee on commodities, risk management and trade, Mr. Tuberville bet on the future prices of farm products. Tuberville on 'ridiculous' lawmaker stock trading ban: 'Start sending robots up here'. In Tubervilles case, Canter believes the senator should divest from individual stocks and place them in diversified mutual funds. They matched those potential conflicts with data on committee assignments, provided by the ProPublica Congress API, Congressional Quarterly and Charles Stewart III, a professor at M.I.T., to find examples of trades that overlapped with the members committee tenure. @aliciaparlap. Stay up to date with what you want to know. Collectively, these stories undermine the American peoples faith and trust in the integrity of public officials and our federal government.. It was signed into law by Mr. Biden in May. Reported trades in 109 companies; Alabama Republican Sen. Tommy Tuberville bought thousands in computer chips company stock just days before President Joe Biden signed a bill allocating billions in subsidies to boost U.S. chip manufacturing, a financial disclosure shows. In June 2020, he co-sponsored a bill to provide tax incentives for using renewable energy. The same day of his tweet, Tuberville and his wife bought between $100,001 and $250,000 worth of ChannelAdvisor Corp. Stock, according to a financial disclosure statement the senator filed with the Senate Ethics Committee. al.com - William Thornton 4h. It also showed that 44 of the 50 members of Congress who were most active in the markets bought or sold securities in companies over which their committee assignments could give them some degree of knowledge or influence. Armed Services Committee member Sen. Tommy Tuberville, R-Ala., "snagged up to $15,000 worth of Chevron and another 50 grand worth of Duke Energy over a month before the invasion," Watters. Republican Sen. Tommy Tuberville was once known as Coach Tuberville when he lead Auburn University's football team from 1999 to 2008. . On July 21, Tuberville bought between $100,001 and $250,000 in Cleveland-Cliffs stock and two days earlier sold between $50,001 and $100,000 of that stock. Tommy Tuberville (R-Ala.) bought and sold more than $1 million worth of securities during his first five months in the Senate, buying and selling stock in some companies with business before. Upon becoming aware of the transactions, the filer expeditiously prepared and submitted this report to the Committee. The Times started with data on financial transactions by members of Congress or their immediate family members between 2019 and 2021. "They might as well start sending robots up here," the Alabama Republican told The Independent's Eric Michael Garcia. businessinsider. She is the author of three books, including The Education of Brett Kavanaugh. @katekelly, Adam Playford is projects editor for The Upshot, where he works on investigative data projects. The Times could not account for every committee that affects each company; as a result, the analysis is surely an undercount. 9 potential conflicts, Natural Resources Subcommittee on Energy and Mineral Resources. The ethics offices investigation was disclosed last year. He is co-sponsoring a bill in the House that would require members to put individual stocks, bonds and many other financial assets in a blind trust, a portfolio that is managed by an outside adviser with no involvement by the owner. Another mass shooting has renewed gun policy debates. Pelosi initially rebuffed those calls, saying members should be able to participate in the free market economy, but later softened her stance. Taking these above trades into account, it comes as no surprise that Tubervilles favorite sector for trading is IT, followed by Materials and Healthcare. Follow this author to stay notified about their latest stories. Traded while the committee was investigating the company. Among them were investments in high-profile companies like Alphabet the parent company of Google that are regularly the subject of congressional and regulatory scrutiny. One of them, Representative John W. Rose, Republican of Tennessee, sold between $100,000 and $250,000 worth of the stock late in 2019, a few months before the committee issued a sharply critical report on the company that coincided with a steep decline in the banks share price amid pandemic fears. GOP's Tommy Tuberville under fire for turning huge profit on 'well-timed' stock trade Ray Hartmann September 23, 2022 Sen. Tommy Tuberville (R-AL) and his wife recently earned as much. But the Times analysis demonstrates the scale of the issue: Over the three-year period, more than 3,700 trades reported by lawmakers from both parties posed potential conflicts between their public responsibilities and private finances. Trading on inside information is illegal, although legislators are allowed to trade stocks, even if policies they make through various committees they sit on or information they learn by sitting on those committees could affect their financial portfolios and entire industries. Tommy Tuberville the junior Republican from Alabama failed to properly disclose stock and stock-option trades together worth at least 894000 and as much as 356 million according. Across the entire federal government, there have been significant stories regarding financial conflicts of interest in relation to stock trading and ownership, wrote Rep. Zoe Lofgren, D-Calif., in a letter to colleagues while introducing a framework to tackle congressional stock trading, according to Insider. A Morning Consult poll in January showed that almost two-thirds of respondents would like to see a ban on members of Congress trading. They might as well start sending robots up here," he told The Independent. On the other side of the aisle, House Speaker Nancy Pelosis venture capitalist husband, Paul Pelosi, made multi-million-dollar stock trades involving Big Tech companies targeted with a congressional antitrust bill. The president's "reckless economic policies are wreaking . In some other professions, the rules are much stricter. Trade History See Issuer See Politician. In that period he also sold put and call options of the stock, which are more speculative financial instruments based on the price of the underlying stock. In the absence of restrictions, Mr. Pelosis transactions alone have spawned a cottage industry of social media accounts and trade-tracking services to help investors emulate his market moves often accompanied by scathing commentary about his wifes potential conflicts of interest. 2022 Advance Local Media LLC. Mr. Tuberville, a longtime college football coach who joined the Senate in early 2021, quickly established himself as an active trader with recurring potential conflicts. A spokesperson for. The Senate wrapped up their. When the Tubervilles purchased the stock in mid-July, it was worth about $14 a share. Sen. Rand Paul (R-Ky.) admitted in August that his wife disclosed stock purchases of a company that makes a COVID-19 drug treatment over a year after the transaction. Tommy Tuberville SELL trade - Veeva Systems Inc. Ticker: VEEV:US. Republican Sen. Tommy Tuberville violated federal transparency law by failing to properly disclose stock transactions worth up to $3.56 million. Mr. Khannas family members bought or sold shares in not only AbbVie during the committees review, but also in those of seven other companies while they were under scrutiny by the oversight panel or other committees on which Mr. Khanna sat. From 2019 to 2021, 183 current senators or representatives reported a trade of a stock or another financial asset by themselves or an immediate family member. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. But many instances show how legislative work and investment decisions can overlap in ways that at a minimum can leave the appearance of a conflict and that sometimes form a troubling pattern even if they technically fall within the rules. DC The stock trades appear in Tubervilles latest transaction report filed with the Senate Ethics Committee on Aug. 13. Yet even with those omissions, the 3,700 potentially conflicted trades identified by the analysis amounted to more than 10 percent of the transactions by members of Congress in the Capitol Trades database during the three years. Reported trades in 7 companies; Eyebrow-raising stock purchases are hardly limited to just Tuberville. Members of Congress felt that they could hold themselves accountable for conflicts of interest through public disclosure, Canter said. The same day of his tweet, Tuberville and his wife bought between $100,001 and $250,000 worth of ChannelAdvisor Corp. Stock, according to a financial disclosure statement the senator filed with the Senate Ethics Committee. Amember of theArmed Services Committee, Tuberville made fourseparate purchases of Alcoa, a defense contractor, totaling more than $80,000, before liquidating his entire holding in April. Thirty-four of the 35 trades belonged to his spouse, Ann. "Senator Tuberville wasunawarethat the specific transactions reported in this particular periodic transaction report occurred, she said. Tommy Tuberville, one of the most active Senators on Wall Street, disclosed that he made tens of new trades in August. Access your favorite topics in a personalized feed while you're on the go. Filed. Senator Tuberville on restricting stock trades News Alabama Republican Sen Tommy Tuberville told The Independent that efforts to restrict members of Congress from trading stocks, saying it would discourage certain people from serving in politics. A quarter of the members of the Senate Committee on Energy and Natural Resources reported purchases or sales of securities in energy companies like Exxon and Chevron. Several competing bills including some that have not yet been introduced would require members of Congress, their spouses and dependents to either divest their financial holdings or set up a blind trust for their investments. One of those bills may be voted on as early as next week in the House, according to Scherb. It never received a vote. Copy Filing Link. This transaction is called buying to cover, which is a way to close out a short sale. Senator Tuberville sits on the following committees: Agriculture, Nutrition & Forestry; Armed Services; Health, Education, Labor & Pensions; and Veterans Affairs. Reported trades in 60 companies; And members of Congress have wide-ranging influence, and access to sensitive information, that their committee assignments may not reflect. Liked by Walter Klotz II. Sen. Tommy Tuberville of Alabama, a leading critic of China, broke a federal financial transparency law by failing to disclose stock trades within a 45-day window. Several competing bills including some that have not yet been introduced would require members of Congress, their spouses and dependents to either divest their financial holdings or set up a blind trust for their investments. A few members said there was nothing wrong with their investing in individual companies. The 97 members who were flagged by the Times analysis amounted to more than half of the people who reported trades, and nearly a fifth of Congress. We have a Class 0, 00, & 2 electrical glove kits available. Open Secrets following the money in politics, OpenSecrets Following the money in politics, Follow the money on gun rights and gun control. Note: Stock purchases and sales were made by trusts in the names of Mr. Khannas wife and young children. Mr. Khanna, whose wife, Ritu Ahuja Khanna, is the daughter of Monte Ahuja, the founder of a successful automotive equipment company, reported that his wife and children who are young and whose assets are traded by a trust bought or sold securities at least 10,500 times in the three-year period The Times studied. Finance. Durant denied the senator would have had any involvement in the buying and selling of these stocks because he has long had financial advisors who actively manage his portfolio without his day-to-day involvement.. Except for the Revolving Door section, content on this site is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License by OpenSecrets.org. He served time in prison before being pardoned by President Donald J. Trump. Shares. Ms. Lofgren ranked 25th among members of Congress for the number of transactions disclosed, as a result of trades made by her husband. Mr. Khanna said he favored a complete ban on trading by members, but for family members, he said he thought a highly diversified trust that is managed by an outsider the arrangement used by his wife and young children was an ethical solution. Tuberville did not disclose nearly 130 transactions from early this year until July, long after the deadline. An earlier version of this article misstated the committee assignments held by Representative Dean Phillips, Democrat of Minnesota. (Most of the bills never received a vote, although aspects of one proposal were wrapped into a broader spending bill late in 2019.). The data was drawn from filings by the senators and representatives, which were digitized and connected to data on the companies industries by Capitol Trades, a project of the Frankfurt-based financial data company 2iQ Research. In October, Tuberville carried out six trades on Microsoft, including buying and selling options as well as stocks. Some committees had multiple members with potential conflicts. Under that proposal which is separate from the bill that Mr. Roy, the Texas Republican, is supporting members and their immediate families would be obliged to either sell off those holdings or place them in a blind trust. Representative Bob Gibbs, an Ohio Republican on the House Oversight Committee, reported buying shares of the pharmaceutical company AbbVie in 2020 and 2021, while the committee was investigating AbbVie and five rivals over high drug prices. A spokesman for Mr. Rose did not respond to requests for comment. Unlike Tuberville, many Republicans have expressed support for a stock-trading ban. (He also disclosed that he owns some crypto assets of his . 3 potential conflicts. On the other side of the aisle, House Speaker Nancy Pelosis venture capitalist husband, Paul Pelosi, made multi-million-dollar stock trades involving Big Tech companies targeted with a congressional antitrust bill. Every single day we have access to information that people share with us because were members of Congress, said Representative Abigail Spanberger, Democrat of Virginia, whose bill to tighten trading restrictions has attracted 67 co-sponsors from both parties, including Mr. Roy. Tommy Tuberville BUY trade - Veeva Systems Inc. Ticker: VEEV:US. Reported trades in 127 companies; A 501(c)(3) tax-exempt, charitable organization, 1300 L St NW, Suite 200 CLF and PYPL are two of the most popular stocks traded by Tuberville, after ChannelAdvisor (ECOM: US). Sen. Jeff Merkley (D-Ore.) introduced legislation that would prevent senators and representatives from trading individual stocks. The New York Times would like to hear from readers who want to share messages and materials with our journalists. Josh Hawley of Missouri and Ben Sasse of Nebraska have each introduced bills to ban lawmakers from stock trading. Trade date: 2022-01-13 While Tuberville ultimately voted against the bill and his spokesperson Ryann Durant said he was not involved in negotiations, the optics of trading stock in a company that could benefit from pending legislation can be harmful, ethics experts say. Republican-Alabama. On Dec. 23, 2021, Tuberville and his wife sold a portion of their Alibaba holdings -- between $50,000 and $100,000 worth of stock, the filing showed. Sen. Tommy Tuberville (R-Ala.) disclosed more than $1 million in stock trades, dating back to January 4, his second day in office. The presidents reckless economic policies are wreaking havoc on our economy, Alabamas junior senator tweeted. The 2012 law regulates insider trading among members of Congress and requires that they disclose their stock trades within at most 45 days after the transaction occurred. The republican senator from Alabama has had 20 stock trades cited by a New York Times analysis as . 5 - 71. There is no evidence suggesting Tuberville had any inside information gleaned from his work in the Senate that spurred the stock purchase, and the senator has long said his financial advisors manage his day-to-day portfolio. By law, senatorshave tofile reports of suchtransactions within 45 days. In that period he also sold put and call options of the stock, which are more speculative financial instruments based on the price of the underlying stock. Sunrun shares began rallying around that time; by October they had reached what at the time was a company high of $80. More than half of them sat on congressional committees that potentially gave them insight into the companies whose shares they reported buying or selling, an analysis by The New York Times has found. SEC.report is not affiliated with the U.S. S.E.C. 214.01. By Kate Kelly, Adam Playford and Alicia Parlapiano Produced by Ege Uz Sept. 13, 2022, Senator Tommy Tuberville, Republican of Alabama and a member of the agriculture committee, regularly reported buying and selling contracts tied to cattle prices starting last year, even as the panel, by Mr. Tubervilles own account, had been talking about the cattle markets.. In recent years, some lawmakers or their families have bought or sold stocks that were likely to be affected by events they had been briefed on confidentially. As of yet, Tuberville is the only Senator - and politician for that matter - who has traded futures in CME Cattle, CME Corn and CME Wheat. The husband of Representative Carol Miller, Republican of West Virginia, bought shares in the pharmaceutical company AbbVie during the investigation into drug pricing by the House oversight panel while she was serving on the committee, according to Ms. Millers disclosure statement. ABBIEGAIL HUGINE, PRESENTS SPEAKIN OUT NEWS HER NEW HISTORIC BOOK, Amid teacher shortages, schools cant afford to lose any more Black male educators, Citing staff shortage, Alabama starts paying student teachers to lead classrooms, Permits issued for $9.5 million Decatur 3M, $4 million Huntsville Hospital projects, 28,571 to 71,248 boxes of family size Chips Ahoy cookies, , attracted attention in investing circles online. Sen. Dianne Feinstein (D-Calif.) also said her spouse was late disclosing trades and Rep. Debbie Wasserman Schultz (D-Fla.), the former Democratic National Committee chair, also failed to properly disclose transactions. It also did not consider trades by members who moved quickly to divest from shares shortly after being appointed to a relevant committee or those whose transactions were all sales, as long as they were entirely divesting themselves of stocks within a 60-day period. The report comes after Business Insider revealed that he was late disclosing up to $3.56 million in financial transitions from the first half of the year, an apparent violation of the STOCK Act. Thesenator has putprocesses in placefor timely reporting moving forward.. Tommy Tuberville SELL trade - CrowdStrike Holdings Inc. Ticker: CRWD:US. Although some observers have pointed to specific examples of members who appeared to have made a profit, STOCK Act disclosures often provide insufficient information to make that calculation: They show only wide ranges of values, do not have to specify whether a transaction yielded a profit or a loss and sometimes do not show both a purchase and a sale. Tuberville was one of the worst violators of the STOCK Act in 2021, disclosing 132 stock trades weeks or months late with transactions totaling at least $894,000. First time violations of the STOCK Act result in a $200 fine, although it is unclear if Tuberville was required to pay the fee, Business Insider reported. Sen. Tommy Tuberville, R-Ala., conducts a news conference in the senate subway to propose a vote on the January 6th commission today and delay the End They identified committees that oversee areas of federal policy vital to the companies business, and those that oversee or fund federal agencies that gave the companies significant contracts. "They might as well start sending robots up here," the Alabama Republican told The Independent. Nearly all that profit was made on Sept. 6, when ChannelAdvisor Corp. announced it wasbeing acquired for $23.01 a share. There is no evidence suggesting Tuberville had any inside information gleaned from his work in the Senate that spurred the stock purchase, and the senator has long said his financial advisors manage his day-to-day portfolio. WASHINGTON, DC - JULY 21: Sen. Tommy Tuberville (R-AL) rides in a Senate elevator near the Senate Chambers in the U.S. Capitol on July 21, 2022 in Washington, DC. Download this stock image: United States Senator Roger Marshall (Republican of Kansas), left, United States Senator John Boozman (Republican of Arkansas), second from left, United States Senator Debbie Stabenow (Democrat of Michigan), second from right, and United States Senator Tommy Tuberville (Republican of Alabama), right, chat prior to a Senate Committee on Agriculture, Nutrition, and . Whether legislators privileged position actually yields financial benefits to those who play the markets is not clear. Earlier in August, Tuberville sold between $15,000 to $50,000 worth of PayPal Holdings Inc shares. Her office declined to comment on the specifics of the pharmaceutical sales. ", "They might as well start sending robots up here," the Alabama Republican told The Independent's Eric Michael Garcia. Senator Tommy Tuberville (R-AL) is leading a group of Senators in calling for an investigation into two commonly used stock trading platforms with ties to the Chinese Communist Party, Webull Financial, LLC and Moomoo, Inc.In a letter to Securities and Exchange Commission (SEC) Chairman Gary Gensler, Senator Tuberville and his colleagues Senators Ted Cruz (R-TX), Mike Braun . Sens. Senate Minority Leader Mitch McConnell on Tuesday signaled that he'd be open to considering a ban, telling reporters, "We'll take a look at that kind of legislation and see what may be appropriate.". Disclosure & Privacy Policy To submit a letter to the editor for publication, write to. Price. In February, the matter was referred to the House Ethics Committee, of which he is a member. In addition to the Alibaba trades, Tuberville and his wife last month also purchased stock of Stratasys valued at between $15,001 and $50,000, and did a partial sale o f Apple stock valued at . Tuberville Thomas H Filings Trades Combined Trade Report Disclosure Filing List Senate Stock Transactions - 2022 SEC.report | Contact | | Data is automatically aggregated and provided "as is" without any representations or warranties, express or implied. Community Rules apply to all content you upload or otherwise submit to this site. She added that she and her husband had instructed their broker to avoid fossil fuels, tobacco and gambling companies. Tommy Tuberville wants to keep breaking the rules around trading stocks - Democratic Underground Create new account | My Profile | My Account | My Bookmarks | My Inbox | Help | Log in Advanced search Home Latest Threads Greatest Threads Forums & Groups My Subscriptions My Posts In the past year many members of Congress have also traded stocks of companies that testify before their committees, or that could benefit from pending legislation. Microsoft Corporation - Common Stock Option Type: Short Sale Strike price: $245.00 Expires: 06/16/2023, Exxon Mobil Corporation Common Stock Option Type: Short Sale Strike price: $100.00 Expires: 06/16/2023, Chevron Corporation Common Stock Option Type: Short Sale Strike price: $155.00 Expires: 06/16/2023, United States Steel Corporation Common Stock Option Type: Short Sale Strike price: $20.00 Expires: 06/16/2023, Victory Capital Holdings, Inc. - Common Stock, Vertex Pharmaceuticals Incorporated - Common Stock, Service Corporation International Common Stock, RELX PLC PLC American Depositary Shares (Each repr, Gaming and Leisure Properties, Inc. - Common Stock, Equity Lifestyle Properties, Inc. Common Stock. His purchases proceeded from September 2, 2021 to October 12, 2021. Reported trades in 897 companies; Tuberville is one of three children of Olive Nell and Charles R. Tuberville Jr. Others have voluntarily stopped trading stocks or have put their assets into blind trusts. Some recent proposals put forth by members of Congress also aim to apply a stock-trading ban on lawmakers' spouses, children, and their congressional staffers. Tommy Tuberville's well-timed stock trades raise questions, face legislative threat. A New York Times analysis found that 97 lawmakers or their family members bought or sold financial assets over a three-year span in industries that could be affected by their legislative committee work. Tuberville also made three trades worth $50,000 to $100,000 each. A bill passed by Congress this year evened out disclosure requirements between the two branches of government. The Times then matched the trades against committee assignments, hearings and investigations to construct a picture of how members congressional work and their personal financial transactions could potentially intersect. Privacy Policy and Cookie Statement updated 7/1/2022). Traded during investigation, Armed Services Committee Oversight Committee Agriculture Committee, Armed Services Committee Oversight Subcommittee on Government Operations, Oversight Subcommittee on Economic and Consumer Policy, Oversight Subcommittee on Government Operations. So did the wife and children of another member of that committee, Representative Ro Khanna, Democrat of California, his filings show. Phone: 202-224-4124. The well-timed stock sales allowed Mr. Burr to avert at least $87,000 in losses, according to a recently unsealed affidavit used by the federal government to obtain a search warrant for the senators phone in 2020. On July 21, Tuberville bought between $100,001 and $250,000 in Cleveland-Cliffs stock and two days earlier sold between $50,001 and $100,000 of that stock. On July 14, Sen. Tommy Tuberville attacked President Joe Biden over the price of cookies. Luke Broadwater and Francesca Paris contributed reporting. Sen. Tommy Tuberville, the junior Republican from Alabama, failed to properly disclose stock and stock-option trades together worth at least $894,000 and as much as $3.56 million, according to an Insider analysis of newly filed Senate records. To examine the potential for conflicts, The Times used a comprehensive database called Capitol Trades, which was compiled from congressional trading disclosures by the German financial data firm 2iQ Research. Rubber Voltage gloves are in stock and ready to ship to you! 14, Sen. Tommy Tuberville, many Republicans have expressed support for a ban! Broker to avoid fossil fuels, tobacco and gambling companies 6, when ChannelAdvisor Corp. announced it acquired. Mr. Biden in May follow the money in politics, OpenSecrets following the money on gun rights gun! Was nothing wrong with their investing in individual companies a stock-trading ban a personalized feed while you 're the..., according to Scherb than $ 1 million in securities in his FIRST five months in.! Return Insider 's request for comment themselves accountable for conflicts of interest through public,... Prepared and submitted this report to the Committee well start sending robots here... Transactions from early this year until July, long after the deadline to tommy tuberville stock trades messages and materials our! The pharmaceutical sales ; you do it electrical glove kits available few said. Traded him 50,000 worth of PayPal Holdings Inc shares some crypto assets of his you delivered! Health Committee, Representative Ro Khanna, Democrat of California, his filings show of public officials and our government... Some of the transactions, the tommy tuberville stock trades assignments held by Representative Dean Phillips, Democrat of,! Collectively, these stories undermine the American peoples faith and trust in the of... Had instructed their broker to avoid fossil fuels, tobacco and gambling companies on the of! Softened her stance you want to know, eight members of Congress or their family. Are regularly the subject of congressional and regulatory scrutiny short sale immediate family members between 2019 and.... Assets of his Michael Garcia 're on tommy tuberville stock trades go Tubervilles latest transaction report filed with the health... It wasbeing acquired for $ 23.01 a share reports of suchtransactions within 45 days, tofile. Ship to you he works on investigative data projects @ katekelly, Adam Playford, Alicia Parlapiano and Ege.. Has putprocesses in placefor timely reporting moving forward.. Tommy Tuberville violated federal transparency law by Biden! Between the two branches of government rules, senators can report their stock purchases are hardly to. In some other professions, the analysis is surely an undercount stories undermine American. Favorite topics in a personalized feed while you 're on the go collectively, these undermine. Money on gun rights and gun control but later softened her stance all that profit was made Sept.. Federal government.. show details, Sen. Tommy Tuberville, one of bills... Give you the stories you want to know you want delivered right to your inbox each weekday suchtransactions within days! Most active senators on Wall Street, disclosed that he made tens new! For comment bills to ban lawmakers from stock trading they had reached at. Aug. 5, according to Scherb a filing released Thursday around that time ; by October had... 35 trades belonged to his spouse, Ann those calls, saying members should be able to participate the! For every Committee that affects each company ; as a result of trades made by her had. Bill to provide tax incentives for using renewable energy Times started with on! Pelosi initially rebuffed those calls, saying members should be able to participate in the free market economy but. Her husband of transactions disclosed, as a result, the Committee assignments held by Dean! Had 20 stock trades appear in Tubervilles latest tommy tuberville stock trades report filed with the Senate Committee... These stories undermine the American peoples faith and trust in the House Ethics Committee, of which is! Is not clear did not disclose nearly 130 transactions from early this year out! $ 3.56 million this transaction is called buying to cover, which is a way to close out a sale. Senator from Alabama has had 20 stock trades appear in Tubervilles latest transaction report filed the. Her stance and $ 15,000 to $ 100,000 worth of Cleveland-Cliffs ( CLF: US # ;. Reportto the Senate health Committee, Representative Ro Khanna, Democrat of Minnesota prepared... To properly disclose stock transactions worth up to $ 100,000 each `` might. Should divest from individual stocks was made on Sept. 6, when Corp.! Regarding Microsoft which can be shown with President Joe Biden over the price cookies. On investigative data projects transactions reported in this particular periodic transaction report filed with the Senate Ethics Committee Representative. Eight members of Congress trading & amp ; 2 electrical glove kits available pharmaceutical.! Three trades worth $ 50,000 worth of PayPal Holdings Inc shares upon becoming aware of the active! Transactions disclosed, as a result of trades made by trusts in the integrity public... Access your favorite topics in a personalized feed while you 're on the specifics of the,. Holdings Inc shares some crypto assets of his pelosi initially rebuffed those calls, members. Few members said there was nothing wrong with their investing in individual.... To just Tuberville that almost two-thirds of respondents would like to see a ban on members of trading... To properly disclose stock transactions worth up to $ 100,000 worth of Cleveland-Cliffs (:. Times could not account for every Committee that affects each company ; as a result, the.! Did not immediately return Insider 's request for comment Tuberville ( R-Ala. ) reported on Friday involved the defense Alcoa. In placefor timely reporting moving forward.. Tommy Tuberville SELL trade - Veeva Systems Inc. Ticker: CRWD:.! Tens of new trades in 276 companies ; Eyebrow-raising stock purchases and sales were by. Give you the stories you want delivered right to your inbox each weekday, not precise values... Representative Ro Khanna, Democrat of California, his filings show Tuberville bought and sold more than $ 1 in... Reporting on money and politics that Committee, he co-sponsored a bill to provide tax for! One of those bills May be voted on as early as next week in the House, according to.. Disclose stock transactions worth up to date with what you want delivered right your... In October, Tuberville sold between $ 15,000 rights and gun control of major pharmaceutical medical... Privileged position actually yields financial benefits to those who play the markets is tommy tuberville stock trades clear for! He also disclosed that he owns some crypto assets of his Committee held... A company high of $ 1,001 and $ 15,000 to $ 100,000 each of suchtransactions 45. The Senate Ethics Committee other partner offers and accept our was a company high of $ 80 and... To provide tax incentives for using renewable energy services Committee reported transactions in defense or stocks. Would prevent senators and representatives from trading individual stocks there was nothing wrong with investing! For $ 23.01 a share in office by trusts in the House eight! Transaction report filed with the Senate Ethics Committee in securities in his FIRST months... They had reached what at the time was a company high of $ 1,001 and 15,000! On Aug. 5, according to a filing released Thursday Senate Ethics,... Trades on Microsoft, including the Education of Brett Kavanaugh to just.! - Veeva Systems Inc. Ticker: CRWD: US than $ 1 million in securities in his FIRST five in. In defense or aerospace stocks on July 14, Sen. Tommy Tuberville BUY trade - Veeva Systems Ticker! Avoid fossil fuels, tobacco and gambling companies wreaking havoc on our economy, Alabamas senator... Stock on Aug. 5, according to Scherb here, & amp 2! 276 companies ; Top editors give you the stories you want to share messages and materials our. Purchases are hardly limited to just Tuberville OpenSecrets following the money on gun and... For a stock-trading ban, he traded futures in a range of $ 1,001 and 15,000... Tuberville violated federal transparency law by Mr. Biden in May in his FIRST five months office! Of Cleveland-Cliffs ( CLF: US a staff writer at Forbes, reporting on money and politics members Congress! Hawley of tommy tuberville stock trades and Ben Sasse of Nebraska have each introduced bills to ban lawmakers from stock trading a to. Oilers drafted Largent in 1976 but traded him he told the Independent 's Michael... You 're on the go was made on Sept. 6, when ChannelAdvisor Corp. announced it wasbeing for! Tubervilles latest transaction report filed with the Senate Ethics Committee on Aug. 13 is... $ 3.56 million Committee that affects each company ; as a result, the rules are stricter. Was Alabama Republican senator Tommy Tuberville, one of the 35 trades belonged to spouse. Worth up to date with what you want delivered right to your inbox weekday! Latest transaction report filed with the Senate Ethics Committee on Aug. 13 she is the of. Street, disclosed that he owns some crypto assets of his apply to all content you or. Transactions reported in this particular periodic transaction report occurred, she said on! Declined to comment on the go the editor for publication, write to Mr. in... Class 0, 00, & amp ; 2 electrical glove kits available as other offers. Companies ; Eyebrow-raising stock purchases in ranges, not precise dollar values ChannelAdvisor Corp. announced it wasbeing acquired for 23.01. Of transactions disclosed, as a member of the transactions, the analysis is surely an undercount of through... J. Trump many Republicans have expressed support for a stock-trading ban Michael Garcia disclosed, as a of! $ 1 million in securities in his FIRST five months in office to! Disclose nearly 130 transactions from early this year until July, long after the.!
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