NYT Investigation Finds Whitehouse Traded Stock in Companies in Which He Had Oversight
Tuesday, September 13, 2022
A major investigation by The New Times released today finds that U.S. Senator Sheldon Whitehouse is one of the members of Congress who traded stock in public companies that came before the committees in which they serve.
This is the second time in recent months that Whitehouse's stock trading has come under scrutiny.
“U.S. lawmakers are not banned from investing in any company, including those that could be affected by their decisions. But the trading patterns uncovered by the Times analysis underscore longstanding concerns about the potential for conflicts of interest or use of inside information by members of Congress, government ethics experts say,” the New York Times reported on Tuesday.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTAccording to the Times, between 2019 and 2021, the timeframe the publication studied, Whitehouse and his wife Sandra conducted trades in 35 companies with four with potential conflicts, including CVS.
The Whitehouses have not placed their investments in a blind trust but told the Time the investments are handled by a broker.
Whitehouse Failed to Report Properly in 2022
This is not Whitehouse’s only stock trading issue.
Business Insider and several other news organizations have identified 72 members of Congress, that includes Whitehouse, who've recently failed to properly report their financial trades as mandated by the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act.
Whitehouse violated a conflicts-of-interest law by disclosing two personal stock purchases past a federal deadline, according to financial records reviewed by Insider.
On January 28, Whitehouse purchased between $15,000 and $50,000 worth of shares in both Target Corporation and Tesla Inc.
Whitehouse's office acknowledged that the senator disclosed his trades on March 16 — after a federally mandated 45-day filing deadline.
Whitehouse's office did not respond to questions about the multiple stock trading issues from GoLocal prior to publication.
Related Articles
- Reed and Whitehouse Refuse to Call for Probe of Senators Who Allegedly Traded on Coronavirus Info
- Wall Street Journal Calls for Ethics Investigation Into Sen. Whitehouse Relationship with RI Company
- NEW: Rally Sunday to Call on Reed, Whitehouse to “Shut Senate Down” Over SCOTUS Confirmation
- PHOTOS: Protest Outside Reed & Whitehouse’s Offices Calls for Senators to Shut Down Senate
- Reed, Whitehouse, Warren & Markey Urge Correction of Cost-of-Living Pay Disparities
- Senator Whitehouse’s Legislation Tied to Early Release of Alleged Federal Hill Murderer
- Demand Progress Urges Reed, Whitehouse To Vote To Stop War in Yemen
- Guest MINDSETTER™ Hinckley: A Test for Whitehouse - Environment or Political Expediency
- Sen. Whitehouse Subject of RI Supreme Court Complaint by Conservative “Judicial Watch”
- VIDEO: Whitehouse, Langevin, Cicilline Call for “More Reasonably Sized” Airplane Seats
- Regunberg, RI Democrats Provide “How To” Guide to Whitehouse, Reed to Block SCOTUS Confirmation
- Wall Street Journal Slams RI’s Whitehouse in Editorial
- Black News Tonight’s Marc Lamont Hill Takes on Whitehouse Private Club Controversy
- Sen. Whitehouse Says U.S. Excluded Minorities From Climbing Economic Ladder in Statement
- “This Is a Question About Simple Decency,” Says Professor Lawless About Whitehouse
- WSJ Editorial Chides Whitehouse
- Sheldon Whitehouse: 21 Who Made a Difference in 2021
- Cicilline Defends Whitehouse - BLM RI PAC Head Fires Back
- BLM Blasts Whitehouse — “I Am Ashamed of Senator and His Affiliation With This Racist Club”
- Aquidneck Island Climate Caucus to Host Virtual Conversation with Whitehouse on Sunday
- NEW: Senate Votes to Call Witnesses in Trump Impeachment Trial - Whitehouse Wants McCarthy Deposed
- “It’s a Long Tradition in RI,” Whitehouse Defends Family’s Membership in All-White Club
- GoLocal’s Whitehouse Interview Sparks NYT Reporter, Fox News and Politico Questions
- Whitehouse Violated Conflict-of-Interest Law with 2 Late Stock Purchase Disclosures, Says Report