Sen. Sullivan discloses stock sales late, in violation of financial reporting law

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Sen. Dan Sullivan violated a congressional financial law by failing to report two stock sales by the federal disclosure deadline. A spokesman said the senator was unaware of the stock sales until weeks after the deadline.

Sullivan sold $15,001 to $50,000 worth of stock in Mowi, a Norwegian seafood company, and $1,001 to $15,000 worth of stock in Five Below Inc., a discount store chain, in August and reported them on Nov. 3.report said that a third party investment professional sold the stocks — which the senator inherited from his parents — on Sullivan’s behalf. The third party did not notify Sullivan of the sales until Oct. 30, according to the report.

Reynard added that, “as soon as the senator was made aware of the sale, the necessary steps were immediately taken.”Liz Hempowicz, vice president of policy and government affairs with the Project On Government Oversight, said that reporting disclosures late “delays transparency” with the public, making it harder to hold lawmakers accountable.

“They are outraged to hear that members of Congress are engaged in this kind of financial behavior with zero restrictions,” she said.. Members of Congress can also apply for a waiver.to ban members of Congress from owning or trading stock. However, Hempowicz said she is not optimistic that congressional stock reform will make it to the president’s desk soon.

 

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Your tweet casts serious shade. I find it plausible that he was unaware of his parents investments. They recently passed and he inherited them. His financial accountant worked thru the assets and promptly sold them off. One day late in one case. Give me a break.

Dan seems oblivious of most Alaskan issues.

He was busy coming up with another “take your foot off the neck of Alaska blah blah oil oil gas Biden Bad” tweet.

Ahem.

Everyday Alaskan problem.

It's just stock he inherited, as we all do. He's a man of the people. Laws are silly.

Oh no....the sky is falling......smh

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