Rep. Dan Goldman has made more than 520 trades worth at least $10 million since being sworn in, a Post analysis of his disclosure statements found.
Goldman is already far outpacing notorious congressional super-traders like Rep. Marjorie Taylor Greene.Other trades last month include purchasing up to $300,000 worth of stock in Elon Musk’s Telsa Inc. and selling up to $265,000 in Bristol Meyers Squibb and up to $100,000 in Amazon.
When told of Goldman’s portfolio, Nick Penniman, CEO of Issue One, a nonprofit seeking to keep big money out of politics, said it’s long overdue for Congress to pass the “Trading stocks while in office can give the appearance of profiting from your position as an officeholder by leveraging non-public information to your own financial advantage,” he said. “It’s vital that Congress pass new legislation to prevent insider trading by lawmakers and their family members.
Goldman’s spokesman Simone Kanter insisted the congressman “is not involved in trading stocks in his portfolio,” adding it is “managed entirely by an investment adviser, with whom he has had no discussions about any stock trades since entering Congress.”Kanter declined to say who’s calling the shots of behalf of Goldman.
“The congressman believes that no member of Congress should have even the appearance of a conflict of interest, which is why immediately upon being sworn in he initiated the complicated process of entering into a blind trust” giving another party full control of his assets,” Kanter added. Goldman’s net worth is valued at between $64 million and $253 million, with over 1,700 assets, making him among the wealthiest member of Congress,
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