WASHINGTON – Congressman Byron Donalds (R-FL) joined Daybreak on 92.5 FM WFSX Fox News Radio–Estero to discuss the discharge petition to ban Congressional stock trading, and the allegations of fraud in the state of Minnesota.
Watch the full interview here.
"I have always been opposed to members trading. I've never supported it because you do have access to information that could be manipulated":
"Luna and I talked about this, actually, yesterday on the [House] floor, but when it comes up for a vote, I'm voting for it. I have always been opposed to members trading positions. And look, let me just get it out there because I know people say, 'Well, Byron, you own stocks.' I do, but my stocks are traded by my financial advisor, Tom Moran, in Naples, Florida. They've been my financial advisor since I got to Congress. I actually worked there before I got to Congress. I do not initiate trades. That is done by my broker, [and] he has third-party authorization to trade on my behalf. We have no contact about this stuff. So, I think the only thing with what I told Anna was [is] I think you do have to make an allowance for members who give third-party authorization to a financial professional because then the financial professional is the one that's doing the trading, not the member of Congress. I have always been opposed to members trading. I've never supported it because you do have access to information that could be manipulated."
"If it is found that yes, they fraudulently allowed these dollars to go to these front groups, then yeah, indictments should follow, but you've got to go through the investigation first":
"That remains to be seen. The first part is you have to go through the investigation. Really glad to see that the president and the attorney general they're going to go through that. If it is found that yes, they fraudulently allowed these dollars to go to these front groups, then yeah, indictments should follow, but you’ve got to go through the investigation first."
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