Business Insider: Amid complaint, Malinowski keeps buying and selling
Tom Malinowski is facing two non-partisan ethics complaints for violating the STOCK Act, but he’s not letting that stop him from trading.
After breaking federal law by failing to disclose trades that showed him profiting off the pandemic, Malinowski is still buying and selling stocks related to COVID.
Come on, Tom – let the dust settle before you start benefiting from a national crisis again!
In case you missed it…
Amid complaint, Malinowski keeps buying and selling
By: Dave Levinthal and Kimberly Leonard
Business Insider
April 19, 2021
Following Insider’s reporting in March, two nonprofit watchdog groups filed separate complaints against Rep. Tom Malinowski, a Democrat from New Jersey, for failing to properly disclose dozens of stock trades during 2020.
Malinowski has since begun disclosing his stock trades per federal rules, and he earlier this month revealed several new purchases and sales.
Among them, Malinowski bought up to $50,000 worth of stock each in artificial intelligence software company C3.ai, organ transplant company CareDx, and emergency management information company Everbridge.
Malinowski sold stock investments in food delivery company DoorDash Inc. and Hologic Inc.
Hologic is a medical diagnostic company that specializes in women’s health. But it also manufactures COVID-19 diagnostic equipment and last year signed a nine-figure contract with the federal government.
Malinowski’s office last month told Insider that the congressman “has a financial advisor that makes trading decisions on his behalf without his regular input” and that he’s “currently taking steps to establish a blind trust for himself.”