Democratic Candidates Face Attacks Over Personal Stock Holdings in Primaries

Democratic candidates in multiple House primaries have traded accusations over stock trading and personal wealth while seeking to highlight corruption concerns. In the Dallas-area runoff, former Rep. Colin Allred criticized Rep. Julie Johnson for trades in Palantir stock.

Johnson said a financial manager handled the trades and stated the total profit was $90. Allred said his own assets were placed in a blind trust and that his wealth increase came from his wife’s law firm income.

Utah and New York Races In Utah, state Sen. Nate Blouin accused former Rep.

Ben McAdams of holding equity in a data center firm. McAdams said the equity was payment for a contract completed before he entered Congress. A McAdams spokesperson claimed Blouin removed corporate donations from disclosure reports. Dan Goldman of using personal wealth to match campaign contributions.

A Goldman spokesperson said Lander’s claims were false and noted Goldman has raised funds without corporate PAC money.

California Contests In California, Rep.

Brad Sherman faces challengers who criticized his inherited stock holdings. Sherman said he inherited three stocks from his mother and has not bought or sold individual stocks while in office. State Sen. Scott Wiener criticized Saikat Chakrabarti in the race to succeed former House Speaker Nancy Pelosi.

Wiener said Chakrabarti has large investments and has not disclosed a decade of stock trades. The Political Integrity Project, founded last year by Daniel Lobo-Lewis and Nico Agosto, has collected signatures from about 90 Democratic challengers and seven sitting Democratic lawmakers on a pledge to avoid stock trading and corporate donations while in Congress.