Malinowski failed to disclose profits from stock trades during pandemic, AP reports

An Associated Press report found Rep. Tom Malinowski profited from stock trades in medical and tech companies that were involved in the national COVID-19 response and failed to disclose the earnings. According to the report, those trades added up to roughly $1 million and were earned in part with the controversial practice of short-selling stocks, which is betting that the value of the stocks and businesses would drop.

Malinowski (D-7th) told the AP the trades were made by his brokerage firm without his input and there is no indication the congressman acted on insider information. It is not the first time his financial holdings have been questioned and it will likely become a campaign issue next year.

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