CT: Senator Richard Blumenthal (D-CT) is facing an ethics complaint related to stock trading filed by a nonpartisan watchdog group.
The organization, the Foundation for Accountability and Civic Trust (FACT), urged the Senate Select Committee on Ethics to investigate the Connecticut lawmaker for failing to disclose multiple stock transactions.
According to the complaint, Blumenthal and his wife purchased stock on the popular app Robinhood. At the same time, he urged Congress to investigate the platform for its trading practice.
“In the last quarter of 2021, Blumenthal’s wife sold between $1,265,000 and $2,550,000 shares of Robinhood stock through her family fund. As part of those trades, Blumenthal’s family sold up to $550,000 of Robinhood shares on Dec. 8, 2021, but did not disclose it until February 2, 2022 — after the reporting deadline,” the complaint explains.