At least 9 members of Congress sold bank stocks amid turmoil last month

Quiver Quantitative

@QuiverQuant

·Follow

Senator Tommy Tuberville sold stock in BMO Harris Bank on March 6th. Tuberville called efforts to ban congressional stock trading ridiculous, saying "I think it would really cut back on the amount of people that would want to come up here and serve."

Quiver Quantitative

@QuiverQuant

·Follow

Representative Josh Gottheimer sold stock in half a dozen banking stocks in March, including Silicon Valley Bank. A spokesperson for Gottheimer pointed to a statement in which they said his financial decisions were made at the discretion of a third-party financial adviser.

Quiver Quantitative

@QuiverQuant

·Follow

Senator Angus King sold stock in U.S. Bank ( $USB ) on March 20th. This was only his second stock sale in the last year.

Financial Times

@FT

·Follow

At least 9 members of Congress sold bank stocks amid turmoil last month on.ft.com/3N46JrM

Quiver Quantitative

@QuiverQuant

·Follow

Representative Lois Frankel sold stock in PNC Bank in March.

Quiver Quantitative

@QuiverQuant

·Follow

Representative Jared Moskowitz sold up to $150K Seacoast Bank stock on March 10th, in two separate transactions. A spokesperson for Moskowitz said that the sales were “suggested by the congressman’s financial adviser as a means to diversify his young children’s holdings.”