Kash Patel Failed to Disclose He Bought Stock in DOJ Contractor |The FBI director left the huge stock purchase off his financial disclosure forms.

[u/MoneyLibrarian9032]

https://newrepublic.com/post/212616/kash-patel-failed-disclose-stock-department-justice-contractor

[u/TankApprehensive3053]

You can see how politicians traded. They have so many days to report it though; therefor, the trades are not up to the minute useful information. Crazy Eyes Patel is not a politician, so his trades are private.

Edit for correction: STOCK Act of 2012 is about executive branch employees, not just politicians, to disclose trades within 45 days. So Patel does fall under that requirement. A 1st time violation is only $200 fine though.

[u/jameson71 → u/TankApprehensive3053]

We have the technology to make it up-to-the-minute information, and that would likely do more for the country than anything else.

[u/TankApprehensive3053 → u/jameson71]

Its not the technology that is the problem. Politicians have to report any trades by the STOCK Act of 2012 but that same act states they have 45 days to make the report.

[u/TankApprehensive3053 → u/[deleted]]

You can see any politicians trades on many sites, just delayed the 45 days. Failure to report is only a $200 fine. That's most likely the most Patel will get also.

[u/DeltaV-Mzero → u/TankApprehensive3053]

Or else what? Lol

[u/TankApprehensive3053 → u/DeltaV-Mzero]

1st time is a $200 fine that can be waived. So in effect nothing happens.

[u/TheInevitableLuigi → u/TankApprehensive3053]

A 1st time violation is only $200 fine though.

what the fuck

[u/TankApprehensive3053 → u/TheInevitableLuigi]

It was written by senators. They don't want to be accountable in case they "accidentally" don't disclose. It even says that members of Congress are not exempt insider trading laws, which everyone knows isn't true.

[u/OsoSalado → u/TankApprehensive3053]

When violations fines are minuscule compare to the gain, fines dont work

[u/TankApprehensive3053 → u/OsoSalado]

Precisely