At least 9 members of Congress sold bank stocks amid turmoil last month
At least 9 members of Congress sold bank stocks amid turmoil last month on.ft.com/3N46JrM
Representative Jared Moskowitz sold up to $150K Seacoast Bank stock on March 10th, in two separate transactions. A spokesperson for Moskowitz said that the sales were “suggested by the congressman’s financial adviser as a means to diversify his young children’s holdings.”
Senator Tommy Tuberville sold stock in BMO Harris Bank on March 6th. Tuberville called efforts to ban congressional stock trading ridiculous, saying "I think it would really cut back on the amount of people that would want to come up here and serve."
Representative Lois Frankel sold stock in PNC Bank in March.
Senator Angus King sold stock in U.S. Bank ( $USB ) on March 20th. This was only his second stock sale in the last year.
At least nine members of Congress sold banking stocks before and during market turmoil last month, including a member of the House financial services committee who sold Silicon Valley Bank stock before it failed.