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FBI Director Kash Patel caught sleeping on required disclosure of six-figure MSTR investment: Report
Key takeaways
- Patel supposedly purchased between $100,001 and $250,000 worth of MSTR on Nov. 21, but did not report the trade to regulators until May 26.
- Patel informed the Office of Government Ethics that he “inadvertently omitted” the transaction due to an unspecified “miscommunication.”
- According to the Stop Trading on Congressional Knowledge (STOCK) Act, high-ranking executive branch officials need to publicly disclose individual stock trades over $1,000 within 45 days from the transaction.
Patel supposedly purchased between $100,001 and $250,000 worth of MSTR on Nov. 21, but did not report the trade to regulators until May 26.
The reason for the delay? miscommunication. Patel informed the Office of Government Ethics that he “inadvertently omitted” the transaction due to an unspecified “miscommunication.”
According to the Stop Trading on Congressional Knowledge (STOCK) Act, high-ranking executive branch officials need to publicly disclose individual stock trades over $1,000 within 45 days from the transaction.
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