Wednesday, December 02, 2020

NY Times: 2,596 Trades in One Term: Inside Senator Perdue’s Stock Portfolio


According to a front-page article in today's NY Times, an analysis shows that Georgia Senator David Perdue's stock trades have far outpaced those of his Senate colleagues and have included a range of companies within his Senate committees’ oversight.

"Along with Senator Kelly Loeffler, a fellow Georgia Republican, Mr. Perdue faces an unusual runoff election in January. With control of the Senate at stake, and amid renewed concern about the potential for conflicts of interest in stock trading by members of Congress, Mr. Perdue’s investment activity — and especially his numerous well-timed trades — has increasingly come into the public glare.

Last week, The New York Times reported that the Justice Department had investigated the senator for possible insider trading in his sale of more than $1 million worth of stock in a financial-analysis firm, Cardlytics. Ultimately, prosecutors declined to bring charges. Other media outlets have revealed several trades in companies whose business dealings fall under the jurisdiction of Mr. Perdue’s committees."

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