The FBI director, Kash Patel, did not properly disclose the purchase of shares in Strategy, a business intelligence company focused on bitcoin, valued in the six figures, according to a report by nonpartisan news outlet NOTUS. Patel bought between US$ 100.001 and US$ 250.000 shares of MSTR on November 21, but did not report the transaction to federal regulatory agencies until May 26—more than six months after the deadline—according to documents cited by NOTUS.
The STOCK Act (the Stop Trading on Congressional Knowledge Act) requires top Executive Branch officials to publicly disclose stock transactions above US$ 1.000 within 45 days. In a May 26 letter to the Office of Government Ethics, obtained by NOTUS, Patel said that he “inadvertently omitted” the transaction due to an “unspecified communication failure.” Patel’s delay in disclosing the information “was not noticed and was unintentional,” an FBI official told NOTUS.
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The STOCK Act (the Stop Trading on Congressional Knowledge Act) requires top Executive Branch officials to publicly disclose stock transactions above US$ 1.000 within 45 days. In a May 26 letter to the Office of Government Ethics, obtained by NOTUS, Patel said that he “inadvertently omitted” the transaction due to an “unspecified communication failure.” Patel’s delay in disclosing the information “was not noticed and was unintentional,” an FBI official told NOTUS.
#jpmpbusinessmanagement