{"id":2694,"date":"2020-03-25T09:00:24","date_gmt":"2020-03-25T16:00:24","guid":{"rendered":"https:\/\/sandiegonewsdesk.com\/?p=2694"},"modified":"2020-03-26T00:04:39","modified_gmt":"2020-03-26T07:04:39","slug":"rep-susan-davis-also-in-hot-water-for-stock-transactions-following-covid-19-hearing","status":"publish","type":"post","link":"https:\/\/sandiegonewsdesk.com\/?p=2694","title":{"rendered":"Rep. Susan Davis also in Hot Water for Stock Transactions Following COVID-19 Hearing"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In light of the COVID-19 economic crash, many elected officials have displayed unbridled courage, honesty, and optimism. Unfortunately, that\u2019s not the case for San Diego-based Rep. Susan Davis, who recently disclosed the sale of tens of thousands of dollars worth of cruise ship and airline stocks being made two weeks after a congressional briefing on the COVID-19 outbreak.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Davis claims that the stocks were sold by her husband, and that she had nothing to do with the transactions. However, given the timing of the sale, some healthy skepticism is in order.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">New: House members and aides were also trading stock in the early days of coronavirus. <\/p>\n<p>Rep. Susan Davis sold stock in Alaska Air and Royal Caribbean in mid-Feburary. <\/p>\n<p>Aides invested in a leading vaccine manufacturer, Clorox, and more:  <a href=\"https:\/\/t.co\/iaeAQDPZyW\">https:\/\/t.co\/iaeAQDPZyW<\/a> w\/<a href=\"https:\/\/twitter.com\/KatyODonnell_?ref_src=twsrc%5Etfw\">@KatyODonnell_<\/a><\/p>\n<p>&mdash; Maggie Severns (@MaggieSeverns) <a href=\"https:\/\/twitter.com\/MaggieSeverns\/status\/1241352460515631104?ref_src=twsrc%5Etfw\">March 21, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The problem? This goes directly against the federal \u201cStop Trading on Congressional Knowledge Act\u201d signed into law by former President Barack Obama. The act forbids public officials from using non-public knowledge in their stock trades.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Allowing elected officials to buy and sell stocks is problematic when they\u2019re able to obtain information that is not available to private citizens.\u00a0<\/span><span style=\"font-weight: 400;\">She\u2019s not the only San Diego-based elected official to come under fire for selling stocks prior to the COVID-19 induced market drop. Rep. Scott Peters has also received a lot of heat for engaging in the same type of <a href=\"https:\/\/sandiegonewsdesk.com\/2020\/03\/after-covid-19-briefing-rep-scott-peters-engaged-in-suspicious-stock-trading\/\">behavior<\/a> as Davis.<\/span><\/p>\n<p>Perhaps it is the case that neither Davis nor Peters had any knowledge or involvement in the stock sales and purchases. But their constituents deserve an impartial investigation that gets to the bottom of the matter.<\/p>\n<p><span style=\"font-weight: 400;\">In a time where government transparency is of the utmost importance, it\u2019s sad to see elected officials potentially betraying their oath of office and taking advantage of their position for their personal gain.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In light of the COVID-19 economic crash, many elected officials have displayed unbridled courage, honesty, and optimism. Unfortunately, that\u2019s not the case for San Diego-based Rep. Susan Davis, who recently disclosed the sale of tens of thousands of dollars worth of cruise ship and airline stocks being made two weeks after a congressional briefing on&#8230;<\/p>\n","protected":false},"author":3,"featured_media":2304,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rep. 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