‘They don’t feel any consequences.’ Why Rand Paul isn’t likely to pay for stock disclosure
Attorneys from the Campaign Legal Center have filed a formal complaint with the Senate Ethics Committee, requesting an investigation into whether Paul violated the Stock Act. “The Stock Act does not excuse late filings. The harm of late filings is that they defeat the purpose of the Stock Act, which is real time disclosure of potential conflicts of interest and insider trading,” wrote CLC counsel Kedric Payne and Delaney Marsco. “For these reasons, Sen. Paul cannot excuse his failure to report as a mistake with pushing the transmit button on the electronic form,” Payne and Marsco write.
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