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Thread: Stock Trades by Senator Perdue Said to Have Prompted Justice Dept. Inquiry

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    Default Stock Trades by Senator Perdue Said to Have Prompted Justice Dept. Inquiry

    WASHINGTON — Early this year, Senator David Perdue, Republican of Georgia, sold more than $1 million worth of stock in the financial company Cardlytics, where he once served on the board. Six weeks later, its share price tumbled when the company’s founder announced he would step down as chief executive and the firm said its future sales would be worse than expected.


    https://www.nytimes.com/2020/11/25/u...ardlytics.html

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    "Congress’s ethics rules do not bar lawmakers from holding or trading individual stocks, but like other Americans, they are not allowed to trade on inside information.

    Other lawmakers have decided it is not worth the political sweat that comes with the appearance of possible conflicts of interest and have steered their investments into diversified mutual funds. But Mr. Perdue, a former executive at Reebok and Dollar General, has been one of the most active traders on Capitol Hill."

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