David Perdue has accounted for nearly one-third of the Senate's stock trades during his term
Sen. David Perdue (R-Ga.) isn't the only lawmaker in the upper chamber who has traded in stocks, bonds, and funds, but he has been the most prolific over the course of his six-year term, The New York Times reports after analyzing data compiled by Senate Stock Watcher, a nonpartisan website that aggregates publicly available information on lawmakers' trading.
Since he's been office, the Times found, Perdue has accounted for nearly one-third of all Senate trades, and his 2,596 trades roughly equal the trading volume of the Senate's next five most active traders over that span combined.
The activity has elicited scrutiny, especially this year when the Justice Department investigated (and declined to bring charges against) Perdue for possible insider trading, because many trades involved companies within industries related to Senate committees and subcommittees on which he serves. Perdue doesn't handle day-to-day decisions of his portfolio, the communications director of his re-election campaign told the Times, but the matter will likely be a factor in the final weeks before the Georgia Senate runoffs. Read more at The New York Times.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.
-
Is the ceasefire in Gaza really working?Today's Big Question Neither Israel and Hamas has an interest in a full return to hostilities but ‘brutally simple arithmetic’ in region may scupper peace plan long-term
-
Are boomers the real phone addicts?In The Spotlight There’s an ‘explosion in screentime’ among older people – and they’re more vulnerable to misinformation
-
West End Girl: a ‘tremendously touching’ break-up albumThe Week Recommends Lily Allen’s unfiltered new work is ‘littered with relatable moments’
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
-
Los Angeles city workers stage 1-day walkout over labor conditionsSpeed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billionSpeed Read
-
Bangladesh dealing with worst dengue fever outbreak on recordSpeed Read
-
Glacial outburst flooding in Juneau destroys homesSpeed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creatureSpeed Read
