House Dem Makes Bank on Suspiciously Well Time Trades – IOTW Report

House Dem Makes Bank on Suspiciously Well Time Trades

Daily Caller

Democratic Florida Rep. Lois Frankel sold stock in First Republic Bank as its share price plummeted, and bought JPMorgan stock soon before it purchased First Republic, disclosure forms show.

Frankel sold between $1,001 and $15,000 in First Republic stock on March 16 and purchased between $1,001 and $15,000 in JPMorgan stock on March 22, according to a periodic transaction report filed April 28. The transaction reports are mandated to be filed in a timely manner by the Stop Trading on Congressional Knowledge (STOCK) Act of 2012 designed to prevent insider trading by Congressional lawmakers. More

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