U.S. Senate candidate Cheri Beasley's ad glosses over the fact that 70 members of Congress are accused for filing late stock trade reports — not insider trading.
, meanwhile, reported that Manning was late in filing several dozen stock trades that, combined, could be worth up to $1.25 million. In a statement to PolitiFact, Manning’s office said the congresswoman’s financial investments are handled by third-party investment managers"with no input or direction by her or her husband.
Others on the Business Insider list were days or weeks late reporting on smaller transactions, sometimes made by a spouse or child dependent. U.S. Sen. Sheldon Whitehouse, D-R.I., was only a couple of days late disclosing purchases of Target Corp. and Tesla Inc. stock earlier this year. A Whitehouse spokesperson told PolitiFact that Whitehouse’s transactions are made by a manager and that the report was late"due to a staff transition in the office." Rep. Ed Perlmutter, D-Colo.
Harvey Pitt, the former chairman of the U.S. Securities and Exchange Commission, which regulates the stock market, said the law is clear:"If there’s a deadline, you’re required to meet it. Period," said Pitt, who is now chief executive of compliance consultancy Kalorama Partners LLC."When I see a lot of people in Congress filing late, I see that as sloppy but not necessarily a hanging offense," Pitt said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A Christian School Baptized Over 100 Students Without Parental PermissionA North Carolina private Christian school baptized more than 100 students without asking for parental permission.
Read more »
Mother of four killed in North Philadelphia hit-and-run; family wants answersSurveillance video shows Maria Elena Nuñez crossing the street and being struck by the vehicle. The driver who hit her then fled the scene.
Read more »
Man cited for having loaded gun at Dulles says he forgot was thereThe North Carolina man said he forgot he had the gun in his bag. He was cited on a weapons charge.
Read more »
Texas Candidates Make Labor Day Push in North TexasTexas state candidates are stopping by North Texas on Labor Day as Election Day looms.
Read more »
Ring video shows woman robbed at gunpoint on Chicago's North SideThe video is shocking. The incident happened in broad daylight Sunday on North Seeley Avenue in the Lake View neighborhood.
Read more »