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Politician Roger Williams Fails to Report 19 of his Trades.
South Korea Bans Short Selling, Largest Pizza Chains in the U.S. in $
Omar Aslai
June 17, 2024 • Estimated Reading Time: 4 minutes
Hi there, This is Boring Data.
Here’s what we have for you today:
Table of Shame
Rep. Roger Williams failed to file for 19 of his trades, violating the STOCK act.
Ladies and Gentlemen, I think we have a world record for the longest period without a disclosure.
Some of his trades go as far back as 5 years without any disclosure
The most notable are:
- $NVDA - 2019
- $DIS - 2019
- $GE - 2019
- $META - 2022
all the trades above were disclosed only a few days ago.
Campaign Legal Center (CLC) filed a complaint with the U.S. Office of Congressional Ethics.
They requested an official investigation in Rep. Roger Williams for failing to disclose up to $45,000 worth of stock transactions.
The STOCK Act gives Congress 30 days of receiving notice of the transaction
Within 45 days of the transaction date.
It also mandated the posting of the filings on the Internet.
In most cases, the requirements also apply to trades by spouses and dependent children.
"Rep. Williams serves on the Financial Services Committee. Based on publicly available information, it is unclear whether Rep. Williams’s failure to file was an attempt to avoid scrutiny of trades connected with non-public information or with potential conflicts of interest."
"Because Rep. Williams was almost certainly aware of the requirement to file PTRs for stock transactions, it raises the question of whether he may have knowingly avoided disclosing his stock trades at the time they were made."
"An OCE preliminary review can gather information to determine whether Rep. Williams knowingly violated the STOCK Act."
What’s the punishment for violation you might ask?
A cheeky $200 fine.
All member of Congress and their staff receive mandatory STOCK Act training. This ongoing trend of violations shows that a small $200 fine does not deter members of Congress from breaking the law.
Largest Pizza Chains in The U.S.
Here are the largest Pizza 🍕 chains in the United States 🇺🇸
— Evan (@StockMKTNewz)
3:02 PM • Jun 16, 2024
30 Stocks Have Outperformed the S&P 500
This is incredible:
Only 30% of the S&P 500 stocks have outperformed the index year-to-date.
This is slightly higher than the 29% that occurred in 2023.
Since 1990, a streak of 2 consecutive years with such a low percentage has happened only during the 2000 Dot-com bubble.
By… x.com/i/web/status/1…
— The Kobeissi Letter (@KobeissiLetter)
3:34 PM • Jun 16, 2024
South Korea is Banning Short Selling
BREAKING: South Korea is extending a ban on stock short selling through March 30 next year and is threatening life in jail for naked short selling, per Bloomberg.
— unusual_whales (@unusual_whales)
1:02 PM • Jun 14, 2024
Hey there, thanks for letting us be part of your Monday morning, see you again on Wednesday.
Sincerely,
