Energy Secretary Jennifer Granholm violated a stock disclosure law nine times last year
Energy Secretary Jennifer Granholm violated the STOCK Act at least 9 times last year, by selling shares of stock worth up to $240,000 and failing to disclose those sales within the 45-day window that the 2012 law requires.
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The dates of Granholm’s stock sales ranged from April to late October, according to federal disclosure documents first reported by Business Insider. But Granholm did not disclose any of them until mid-December, which was in some cases a full 6 months after the deadline to report the sale had passed.
Granholm filed her two disclosures on Dec. 15 and Dec. 16, revealing 9 stock sales in total, some of which dated back as far as April of last year.
The transactions included shares of the real estate website Redfin worth between $16,000 – $75,000, according to Granholm’s disclosures.
She also sold shares in the ride hailing company Uber worth up to $50,000, and the financial services giant Invesco, also worth up to $50,000.
The STOCK Act expanded the accountability and reporting requirements for financial holdings, both for members of Congress and high-level employees of the Executive Branch like Granholm.
January 21, 2022 5:06 am