Former Wall Streeter Traded Tens of Millions In Securities While Advising Treasury

(From The Washington Free Beacon)

A top adviser to the U.S. Treasury who has drawn the wrath of left-wing Democrats for his ties to Wall Street bought and sold as much as $150 million in securities during his first year in that post, financial disclosures show…

…However, former U.S. attorney Matthew Whittaker said that activity may have presented issues, even absent any violations of federal ethics rules that bar appointees from trading on information obtained through their official duties.

Those rules were beefed up by a 2012 law called the STOCK Act, which sought to address the widespread use by members of Congress and federal officials of financial information gleaned from their government duties in their personal financial activities.

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