FBI Director Kash Patel failed to properly disclose a six-figure purchase of stock in a bitcoin-fueled business intelligence and mobile software company that has contracted with the Department of Justice, according to federal financial records reviewed by NOTUS.
Patel, who has regularly traded individual stocks since becoming FBI director, purchased between $100,001 and $250,000 worth of stock in MicroStrategy on Nov. 21. But Patel did not disclose the trade with federal regulators until May 26 because he “inadvertently omitted” it from a previously filed stock disclosure document, he told Office of Government Ethics officials in a letter that day.
The Stop Trading on Congressional Knowledge Act requires high-ranking executive branch officials to publicly disclose individual stock trades of more than $1,000 no later than 45 days after executing a trade. First-time violators are subject to a $200 fine.