Ethics Complaint Filed Against Florida Rep. Wasserman-Schultz over Alleged Insider Trading

Ethics Complaint Filed Against Florida Rep. Wasserman-Schultz over Alleged Insider Trading

A complaint has been filed against Florida Rep. Debbie Wasserman-Schultz (D-FL-23) by the Foundation for Accountability and Civic Trust (FACT). The complaint is calling on the Office of Congressional Ethics to launch an investigation into Wasserman-Schultz “for violating federal law and House ethics rules.”

The complaint alleges Wasserman-Schultz failed to disclose financial transactions on time, along with a dependent child’s financial transactions.

“Contrary to this legal requirement, it was recently reported that Representative Wasserman-Schultz failed to publicly disclose stock transactions as required by law. Wasserman-Schultz purchased up to $15,000, and her dependent child purchased up to $45,000, in a telecommunications-product company called Westell Technologies in October 2020, but she did not disclose the trades until July 2021.”

The complaint is part of a larger series of complaints filed against members of Congress after some lawmakers have been suspected on using government information for their personal profit through insider trading.

The allegation against Wasserman-Schultz is alleged to be in violation of the Stop Trading on Congressional Knowledge Act (STOCK Act) which was signed by then-President Barack Obama in 2012.

FACT has said the disclosure reports indicating discrepancies for Congressional members are one of the ways watchdog groups can monitor potential unethical actions.

“These disclosure reports are the only way for citizens and watchdog organizations to monitor election officials and determine if they are profiting from positions,” said Kendra Arnold, executive director of FACT, told Fox News. “The only way to determine this in a timely manner is if they file the reports on time. Some lawmakers file the reports two years or six months late.”

Arnold also noted it is unusual numerous Congressional members have not been following the law, as many of them, including Wasserman-Schultz, are long-standing members who supported the original STOCK Act legislation.

“All members are trained on this law. It is a commonly known law,” Arnold said. “When it was passed, it was high profile. It is especially puzzling when longstanding Senate and House members don’t follow it.”

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Grant Holcomb is a reporter at the Florida Capital Star and the Star News Network. Follow Grant on Twitter and direct message tips.
Photo “Debbie Wasserman-Schultz” by Rep. Debbie Wasserman-Schultz. Background Photo “US Capitol” by FrancineS0321.

Reprinted with permission from The Florida Capital Star.

12 Responses to "Ethics Complaint Filed Against Florida Rep. Wasserman-Schultz over Alleged Insider Trading"

  1. If I recall correctly, Martha Stewart did real prison time for her insider trading. Any chance we’ll see Debbie in prison garb? I hope so.

  2. Get her a bottle of hair-straightener, make-up, a real job, and call it a big day. Here’s a perfect example of someone who has been on the public dole for far too long and accomplishing nothing while on it.

  3. David,

    I don’t believe it is a conflict if you own stock and owned it before entering office. As long as you disclose it, there is no insider trading, and no political favors are involved you should be fine.

    You have my vote!

  4. Just about everyone in the Legislature of each State and those in DC I am sure has benefited from Insider Trading, otherwise, how could they all be $Millionaires in the first Year of being in Office?

    I own just 583 Shares of ONE Stock, that’s it. I’m not really a Stocks and Bonds Person. I have chosen to sell it because I am running for Leon County Commissioner District 5, because I don’t want any Ethics Issues incase I win the Election. I plan to remodel my Kitchen to improve the value of my Home, the ONLY Home I own…….LOL.

  5. There isn’t anything “alleged” about it. Delbert Was-A-Man Putz is no different than any of these other DC R&D corrupt insider traders (aka: Congressmen and Women) who enter office poor, but somehow become multi-millionaires in a few short years on an annual taxpayer-funded salary of $175k.

    I’m still waiting for an answer as to how she escaped indictment for hiring foreign agent staffers, giving them access to Congressional passcodes, and directing them to hack and spy on members of Congress… then further escaped a charge of Obstruction of Justice when she threatened DC investigators to return the evidence to her or else. Amazing how that whole criminal, corrupt, and treasonous debacle disappeared from the headlines so fast.

    As always… there be rules for the rich, and then rules for we regu’lar folk.

  6. Prepare to wipe your memory of having read this article. Wasserman-Shultz is a part of the majority party and this will soon be buried like Jimmy Hoffa and forgotten about.
    Besides its a badge of honor for Wasserman-Shultz voter base to cheat the system.
    Also alot of Republicans in congress are scammy crooks too. I dont know how this story even got this far out into the media world.
    Thanks Steve for bringing this to our attention.

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