One of Congress’ most prolific stock traders violated a federal insider trading and transparency law by failing to properly disclose six-figures’ worth of purchases, according to new U.S. House financial records.
Rep. Gil Cisneros (D-California), who sits on the House Armed Services Committee, was days or weeks late revealing more than 50 individual trades, including shares of defense contractors Palantir Technologies, Microsoft, Macom Technology Solutions and SPX Technologies.
Other tardy disclosures by Cisneros, who won a Mega Millions jackpot worth $266 million in 2010, include trades in cryptocurrency company Coinbase Global, computer chip giant Nvidia, media conglomerate Paramount Skydance Corporation and ride-hailing platform Uber.