Jamie Raskin, who acknowledged he was late filing the portion of the disclosure about the sale and said it happened because of his son's death, is a prominent congressman who led the second impeachment trial of former President Donald Trump. This violation of the Stop Trading on Congressional Knowledge Act's disclosure provisions, which exist to promote transparency and defend against financial conflicts, comes at a time of significant national attention for the Raskins. The congressman likewise disclosed information about the sale of Reserve Trust stock eight months after Sarah Bloom Raskin dumped the stock in late 2020 for $1.5 million, an Insider analysis of federal records indicates. Jamie Raskin of Maryland violated a federal conflict-of-interest law by failing to properly disclose stock shares his wife received for advising a Colorado-based financial technology trust company. The late disclosures are a violation of the Stop Trading on Congressional Knowledge Act of 2012.ĭemocratic Rep. Her husband's paperwork shows the couple failed to properly disclose large holdings in Reserve Trust, a fintech company. Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal via Getty Imagesīiden nominated Sarah Bloom Raskin as the Fed's vice chairwoman of supervision. Her nomination hearing in the Banking Committee is slated for February 3. President Joe Biden has nominated Sarah Bloom Raskin to the position of vice chairwoman of supervision at the Federal Reserve.
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