GOP Rep. Michael Guest violates stock trading rules, submitting disclosures 8 months late

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GOP Rep. Michael Guest violates stock trading rules, submitting disclosures 8 months late
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Mississippi Congressman Michael Guest purchased $1,001 to $15,000 worth of Exxon stock and sold between $1,001 to $15,000 worth of BP.

, the Republican congressman purchased between $1,001 to $15,000 worth of Exxon stock and sold between $1,001 to $15,000 worth of BP stock on January 22—yet the House Clerk was not notified until October 22., 2021, I became aware of a stock transaction made by a family trust," Guest wrote in a comment on his disclosure report."I do not have a decision-making role in the trust; but my wife and sons are beneficiaries, so I am bound to report certain details.

As the second most senior Republican on the House Committee on Ethics, Guest serves on the panel responsible for overseeing the enforcement of the STOCK Act. Under the rule, members ofmust report a stock transaction 30 days from when they are made aware of a trade imitated by them or their spouse. Representative Michael Guest's late disclosures involved trading in big oil stocks. Here, Guest attends a House Homeland Security Committee hearing about"Worldwide threats to the Homeland" on September 17, 2020, in Washington, D.C.The STOCK Act aims to provide greater transparency over where members of Congress earn revenue. It also intends to show where they may have potential conflicts of interest.

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