stock market regulations, political accountability, insider trading implications
JUST IN: Rep. Shri Thanedar (D-MI) CAUGHT in Stock Act violation, per @QuiverQuant
He just filed a purchase of up to $50k almost A YEAR after the 45-day deadline.
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The stock rose 193% since he bought it.
He will now probably just get a $200 fine. That’s it pic.twitter.com/ydR9rWPh7e
— Libs of TikTok (@libsoftiktok) August 12, 2025
Rep. Shri Thanedar (D-MI) CAUGHT in Stock Act violation
Recently, Rep. Shri Thanedar was caught violating the Stock Act, as reported by QuiverQuant. This legislation mandates that members of Congress disclose their stock trades within 45 days. However, Thanedar allegedly filed a purchase of up to $50,000 nearly a year after this deadline. Such violations raise serious concerns regarding transparency and ethical standards among elected officials.
The stock in question has reportedly risen by 193% since Thanedar made the purchase. This significant increase not only highlights the potential financial gain for the Congressman but also poses questions about insider trading and the implications of delayed disclosures. The fact that he may only face a $200 fine for this infraction further complicates public perception of accountability in Congress.
The Stock Act was designed to prevent members of Congress from using their positions for personal financial gain. When violations like this occur, they undermine public trust and challenge the integrity of the legislative body. Constituents have every right to expect their representatives to adhere to ethical guidelines and prioritize transparency in their financial dealings.
In light of this situation, it is essential for the public to stay informed and engaged. Monitoring the actions of elected officials can help hold them accountable. As citizens, we must advocate for stricter enforcement of legislation like the Stock Act to ensure that our representatives are acting in the best interest of their constituents.
For further insights and updates on this issue, you can follow the conversation on platforms like Twitter, where discussions around such violations continue to unfold. Keeping abreast of these developments is crucial for anyone interested in the intersection of politics and finance.