ICYMI: #TradingTom Malinowski facing ANOTHER ethics complaint

July 6, 2021

#TradingTom Malinowski is already facing two ongoing ethics complaints for his violation of the STOCK Act that was reported in March.

Now Malinowski is facing a THIRD ethics complaint after news that he once again violated federal law and failed to disclose thousands of dollars of trades in June.

NRCC Comment: “Not only is Tom Malinowski still trading stocks after he was caught profiting off the pandemic, he is still showing blatant disregard for the law and continues to hide his transactions. Malinowski believes he is above the law.” – NRCC Spokeswoman Samantha Bullock

In case you missed it…

Malinowski to face another ethics complaint

By: Dave Levinthal, Kimberly Leonard

Business Insider

July 6, 2021


Rep. Tom Malinowski‘s stock-related troubles continue to mount, as a new federal filing indicates he again failed to disclose hundreds of thousands of dollars of trades on time, per the STOCK Act.

Malinowski made between $186,000 and $540,000 worth of stock trades during April but didn’t publicly report the trades until June 12. Peloton Interactive Inc., DoorDash Inc., and General Finance Corp. are among the stocks that Malinowski bought or sold.

Malinowski certified that he became aware of the trades on April 30.

The Foundation for Accountability and Civic Trust, a right-of-center nonprofit watchdog organization, told Insider it would on Tuesday file a complaint with the Office of Congressional Ethics against Malinowski because of these late disclosures.

This will be the third known Office of Congressional Ethics complaint this year against Malinowski. In March, the Campaign Legal Center and Foundation for Accountability and Civic Trust filed separate complaints against the congressman after Insider found he failed to disclose dozens of stock trades together valued at nearly $3 million. Both complaints are pending.

Malinowski’s office did not respond to Insider’s questions about why he disclosed these stock trades after the 30-day deadline.

His office previously told Insider the congressman’s day-to-day stock trades were managed by a financial advisor and that he was in the middle of transferring his assets into a blind trust and seeking congressional ethics approval to do so.

In May, Malinowski continued trading six figures’ worth of stocks, including those of DoorDash, Peloton, and The Honest Co. Inc., according to a separate disclosure that he filed on time.