Democratic Candidates Trade Accusations Over Stock Holdings in Primaries
Several Democratic primary contests feature attacks on opponents' personal stock trades and wealth. Candidates cite financial disclosures and blind trusts while seeking to strengthen the party's anti-corruption message ahead of midterm elections.
Los Angeles TimesDemocratic candidates in multiple House primaries are accusing one another of improper stock trading and self-dealing as the party seeks to build an anti-corruption argument against President Trump. In the Democratic runoff for a Dallas-area seat, former Rep.
Colin Allred has criticized Rep. Julie Johnson for trades in Palantir stock. Johnson stated that a financial manager handled the trades and said 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.
Nate Blouin has attacked former Rep. Ben McAdams over equity in a data-center firm. McAdams said the equity was payment for work completed before he entered Congress. A McAdams campaign spokesperson said Blouin removed corporate donations from disclosure reports; Blouin said he returned the funds to the donors.
Dan Goldman of using personal wealth to match contributions. A Goldman spokesperson said Goldman placed assets in a blind trust after taking office in 2023 and has not accepted corporate PAC money.
Incumbent responses Rep.
Brad Sherman, who supports a congressional stock-trading ban, faces challengers who point to his three inherited individual stocks. Sherman said he has never bought or sold individual stocks while in office. In the race to succeed Rep. Nancy Pelosi, state Sen.
Scott Wiener has questioned Saikat Chakrabarti's stock-trading history. Chakrabarti said his wealth was earned as a private citizen and that he would place assets in a blind trust if elected. The Political Integrity Project, founded last year by Daniel Lobo-Lewis and Nico Agosto, has collected signatures from about 90 Democratic challengers and seven Democratic lawmakers on a pledge to avoid stock trading and corporate donations while in office.
Key Facts
Story Timeline
3 events- 2023
Rep. Dan Goldman placed assets in a blind trust after taking office.
1 sourceLos Angeles Times - Last year
Daniel Lobo-Lewis and Nico Agosto founded the Political Integrity Project.
1 sourceLos Angeles Times - This year
A bipartisan bill to ban congressional stock trading stalled despite Trump's support.
1 sourceLos Angeles Times
Potential Impact
- 01
Voters in affected districts will choose nominees amid competing claims about financial conduct.
- 02
The Political Integrity Project may receive additional pledge signers from future candidates.
Transparency Panel
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