Perdue “bought and sold shares” of a number of financial companies his Senate panel directly oversaw
Perdue traded stock in malware detection company while on cybersecurity subcommittee, which “could have provided him with nonpublic information”
ATLANTA — A new report by the New York Times revealed that Senator David Perdue’s stock transactions during his term in Washington accounted for “nearly a third” of all Senate trades reported in the past six years, making him the Senate’s “most prolific stock trader by far, sometimes reporting 20 or more transactions in a single day.” Perdue’s 2,596 trades in just six years is “roughly equal” to the combined trading volume of the next five most active traders in the Senate.
The report notes that along with an “unusually” large volume of stock trades, Perdue’s trades were often in companies that also “stood to benefit from policy” that came before the exact committees and subcommittees on which Perdue served, raising additional concerns after the Justice Department uncovered that Perdue lied to Georgians about not having input on his stock transactions.
“Not only was Perdue making more stock transactions than any other senator, but he was trading stocks in companies within his Senate committees’ oversight – that’s corruption, plain and simple,” said Braxton Brewington, spokesman for the Democratic Party of Georgia. “If only Perdue spent as much time delivering pandemic relief to struggling Georgians as he does getting even richer off the stock market.”
November 29, 2023
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