In the last week, Four members of congress filed over $12 million dollars worth of trades Dan Goldman: $9,650,000 Kathy Manning: $890,000 Scott Franklin: $420,000 Lois Frankel: $136,000 The yearly salary of a politician: $174,000 Here are some of the notable trades they made:
Rep Dan Goldman (D): Sits on the house accountability committee Bought $100K of $ACN – Accenture Bought $100K of $BMY – Bristol Myers Squibb Bought $100K of $CMI – Crown Castle Sold $100K of $CVS – CVS Health Bought $100K of $DG – Dollar General
Rep Kathy Manning (D): Vice Raking Member on the Foreign Affairs Committee Sold $45K of $GOOGL – Google Bought $45K of $AAPL – Apple Sold $45K of $LMT – Lockheed Martin Bought $90K of $MSFT – Microsoft Bought $45K of $QCOM – Qualcomm
Rep Scott Franklin (R): Sits on the Science, Space, & Technology Committee Bought $115K of $CMCSA – Comcast Bought $100K of $COST – Costco Sold $15K of $QQQ – The tech ETF
Rep Lois Frankel (D): Sits on the house appropriations committee which directs federal funding Bought $15K of $CRL – Charles River Labs Sold $30K of $BSX – Boston Scientific Group.
Source on all the trades come from @unusual_whales
Why is this legal?
Who would make it illegal?