securities and exchange commission

Grand Jury Probes Capitol Knowledge & Stock Trading

A New York federal grand jury and the Securities and Exchange Commission have issued subpoenas for a Congressional committee staff member who may have information about providing knowledge of Congressional action on health care policy to stock traders on Wall Street.  

The subpoenas were issued for documents, as well as the testimony of Brian Sutter , staff director of the Ways and Means subcommittee on health, according to an article  by Brody Mullins and Andrew Ackerman in the Wall Street Journal. On May 9th, Sutter notified  the House of Representatives he had received the New York subpoena.  

Realtors, Accountants Move Big Bucks to Congress

Early disclosure reports of political contributions during April show realtors and accountants were major donors to members of Congress and candidates.  

The National Association of Realtors PAC  reported contributing $448,5000 to federal candidates and committees during April. The PAC has $5.3 million cash on hand as of April 30th. Prior to April, the PAC had given out $2.3 million, with 52% going to Republicans. View 2013-2014financial profile . A separate independent expenditure Super PAC of the association reported  it spent $300,745 during April, including $119,097 supporting Rep. Mike Simpson, R-Idaho, and $176,075 for an upcoming online video.