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TexasTowelie

(117,467 posts)
Tue Oct 5, 2021, 01:20 AM Oct 2021

Kansas Sen. Roger Marshall more than a year late reporting stock trades by his children

WASHINGTON -- Kansas U.S. Senator Roger Marshall disclosed several stock trades by one of his children more than a year after they were due, violating a law designed to prevent insider trading in Congress.

Under the STOCK Act, passed in 2012, members of Congress have 45 days to report transactions by themselves, their spouses or dependents that exceed $1,000. Marshall was more than a year late in disclosing several trades made by his children that were worth anywhere between a total of $8,000 and $120,000.

“These trades were made unbeknownst to Senator Marshall,” said Michawn Rich, a spokeswoman for Marshall. “The moment Senator Marshall was made aware, the proper reporting was handled.”

The penalty for violating the STOCK Act for the first time can be $200. But any fines are subject to the discretion of the Senate Ethics Committee and they usually don’t levy penalties, according to Dylan Hedtler-Gaudette, a government affairs manager for the Project on Government Oversight.

Read more: https://www.mcclatchydc.com/article254745302.html

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Kansas Sen. Roger Marshall more than a year late reporting stock trades by his children (Original Post) TexasTowelie Oct 2021 OP
he has DEPENDENT children lapfog_1 Oct 2021 #1
Think daddy loaned them the money? KS Toronado Oct 2021 #4
Now who other than a republiQan. sprinkleeninow Oct 2021 #2
Unbeknownst my Royal Carpathian Mountain Slovak derriere. sprinkleeninow Oct 2021 #3

sprinkleeninow

(20,577 posts)
3. Unbeknownst my Royal Carpathian Mountain Slovak derriere.
Tue Oct 5, 2021, 01:41 AM
Oct 2021

(That was refreshing, if I must say so myself.)

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