Rep. Bill Keating Violates Stock Act by Reporting Late

A filing disclosed the list of trades Congressman Bill Keating was making in September. The STOCK Act requires every Member of Congress to file and disclose trades within 45 days, but Rep. Keating narrowly missed the deadline.

In this case, Mr. Keating filed 51 days after he sold shares of Ross Stores (ROST: US) on September 9, as well as bought TJX Companies (TJX: US) shares on the same day. Both trades were valued between $1,000 - $15,000.

Congressman Keating, serving as the U.S. representative for Massachusetts's 9th congressional district since 2011, also sold between $15,000 - $50,000 worth of Oracle (ORCL: US) notes on September 15. He reported this trade 45 days after the transaction date.

Both Oracle and Ross Stores find themselves in the list of top 5 most traded stocks by the Massachusetts Democrat.

Even worse, Representative Keating disclosed that he bought between $15,000 - $50,000 worth of US Treasury Notes in July this year, this time being 102 days late in reporting the transaction.

As a member of the Armed Services and Foreign Affairs committees, Congressman Keating most often trades Tech shares, followed by Financials, Healthcare, and Consumer Discretionary. Congressman Keating tends to trade smaller sizes, judging from the 80 trades he reported in the last three years.

Earlier this year, Rep. Keating also violated the STOCK Act by reporting 48 days after he bought Comcast (CMCSA: US) shares.