Washington D.C. Democratic Senators Adam Schiff and Ruben Gallego have formally requested the White House to investigate allegations of potential insider trading related to a recent reversal of trade policy. In a letter addressed to White House officials, the senators expressed concerns that individuals may have used non-public information to profit financially before the policy change was publicly announced.
The senators' inquiry focuses on determining whether any government employees or individuals with access to privileged information engaged in stock trades or other financial transactions based on foreknowledge of the impending trade policy shift. Insider trading, which involves buying or selling securities based on confidential information, is illegal and undermines the integrity of financial markets.
"The possibility that individuals may have profited from insider information is deeply troubling and warrants a thorough investigation," Senator Schiff stated in a press release. Senator Gallego added, "We must ensure that public officials and those with access to sensitive information are held to the highest ethical standards." The letter requests a detailed account of any internal investigations conducted by the White House and any measures taken to prevent future instances of potential insider trading. The White House has yet to issue a formal response to the senators' request.
Senators Question White House on Insider Trading Claims
Democratic Senators Adam Schiff and Ruben Gallego are asking the White House to investigate possible insider trading. They sent a letter expressing concerns about financial activity that may have occurred before a recent trade policy change. The senators want to know if anyone used confidential information for personal gain. The White House has not yet responded to the request.
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