Nevada Democrat failed to properly disclose stock trades: report

According to the Stop Trading on Congressional Knowledge Act of 2012 (STOCK Act), members of Congress have within 30 days of being notified about a stock transaction and no more than 45 days since the trade took place to file a report about their stock trade. If filings made past the deadline are not over 30 days late, the $200 fine is often dropped by congressional officials, Insider noted. A legal ethics expert with Campaign Legal Center's told Insider that it did not look as though Lee was trying to intentionally violate the STOCK Act or conceal finances through the late disclosures.

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