5 days ago
- Business
- Wall Street Journal
Stock Trade by Lawmaker's Wife Fuels Insider Information Concerns
WASHINGTON—Stock purchases made by the wife of Rep. Mike Kelly (R., Pa.) in 2020 raised 'serious concerns' from House Ethics Committee investigators, but they said in a report Friday that they didn't find sufficient evidence to show he engaged in violations of insider-trading laws.
In the report, committee officials said Kelly violated the House's code of conduct 'by failing to meet his duty of candor' as they investigated his wife's decision to buy stock in a company that operated a local steel plant that was at risk of closing. Releasing the details of the report publicly is meant to serve as reproval for those actions, the report said.
