U.S. Senate candidate takes swing at Washington, hits fellow North Carolina Democrat. PolitiFactNC
reported that Manning, the North Carolina Democrat, was late in filing several dozen stock trades that, combined, could be worth up to $1.25 million. In a statement to PolitiFact on Tuesday, Manning’s office said the congresswoman’s financial investments are handled by third-party investment managers"with no input or direction by her or her husband.
Others on the Business Insider list were days or weeks late reporting on smaller transactions, sometimes made by a spouse or child dependent. U.S. Sen. Sheldon Whitehouse, a Democrat from Rhode Island, was only a couple days late disclosing purchases of Target Corp. and Tesla Inc. stock earlier this year. A spokesman for Whitehouse told PolitiFact that Whitehouse’s transactions are made by a manager and that the report was late"due to a staff transition in the office." Rep.
Harvey Pitt, the former chairman of the U.S. Securities and Exchange Commission, which regulates the stock market, says the law is clear:"If there’s a deadline, you’re required to meet it. Period," said Pitt, who is now chief executive of compliance consultancy Kalorama Partners LLC.
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