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@QuiverQuant - Quiver Quantitative
Ethics Committee Chairman Michael Guest has actively traded energy stocks while in Congress. He sits on an energy subcommittee. In the NFL, betting on other sports gets you a suspension. In Congress, betting on companies you directly oversee gets you an ethics chairmanship. https://t.co/fBt8BDR6oL
@QuiverQuant - Quiver Quantitative
JUST IN: Representative Debbie Wasserman Schultz has bought stock in a company called Viasat, $VSAT. Viasat produces military communications equipment. Schulz sits on the House Appropriations Subcommittee on Military Construction. We'll be keeping an eye on $VSAT. https://t.co/RcjqWovV0k
@QuiverQuant - Quiver Quantitative
🚨 Nancy Pelosi has lost $8.9M in the stock market today, per our estimates. She has 45 days to disclose any trades, so we still don't know if she managed to sell before this crash. Follow along for updates. https://t.co/sDFdq34gqF
@QuiverQuant - Quiver Quantitative
It’s bizarre that there hasn’t been media coverage of this. Last week, I posted a report on a suspicious trade I noticed from a U.S. Senator. Senator Tina Smith bought up to $250K of stock in a company called Tactile Systems. Since then, the stock has risen over 43%. It has risen literally every day since Smith’s purchase. It’s a medical devices company. Senator Smith is on the Senate Committee on Health. It’s based in Minnesota. Senator Smith represents Minnesota. It’s one of the smallest companies I’ve seen a politician buy, with a market cap of less than $500M.
@QuiverQuant - Quiver Quantitative
Note that $TCMD has historically been fairly volatile. That being said, this is its largest rally in months. It's possible that the increase has been driven in part by the disclosure of her trade, but the stock was already up over 15% between her trade and the disclosure.
@QuiverQuant - Quiver Quantitative
You can track data on all congressional stock trading on the Quiver Quant site. Also, feel free to follow along here for updates on the most suspicious trades.
@QuiverQuant - Quiver Quantitative
I've also been building out some bots that mimic different politicians' trading. You can track their live holdings and performance here: https://quiverquant.com/strategies/ It's one of the only premium features on my site, and helps subsidize the costs of all the free stuff.
@QuiverQuant - Quiver Quantitative
We have caught dozens of congressmen violating the STOCK Act. Almost none of them have been penalized for it by the House Committee on Ethics. This is likely because many of the members of the House Committee on Ethics have violated the STOCK Act themselves. Here's how bad it is: We caught 40 members of Congress failing to disclosed stock trades before the reporting deadline last year. Only 4 of those politicians were investigated. None of them were penalized, due to a lack of "clear evidence that the errors and omissions were knowing or willful" Congress is failing to regulate its own stock trading.