Today, following years of “prolific stock trad[ing]” in the United States Senate that has allowed him to triple his wealth at Alaskans’ expense, Dan Sullivan took an eleventh-hour, election-year political vote on “watered-down” stock trading legislation that non-partisan ethics experts have called “spineless” and “a joke” that “could tank […] genuine reform in Congress.”
“Dan Sullivan has had twelve years in DC to rein in corruption and deliver for Alaskans; instead, he’s reported nearly 100 stock trades, tripled his wealth, and served his special interest backers at every turn,” said Alaska Democratic Party Chair Eric Croft. “This is sham, partisan legislation that Dan Sullivan only supported to conceal his record of enriching himself, tripling his own personal wealth and making suspiciously timed stock trades. We deserve a senator who is fighting for us, not his stock portfolio – Sullivan can only run from his history of self-enrichment for so long, and Alaskans will make him pay this November.”
Recent reporting from The New York Times cited Dan Sullivan as among the “more prolific stock traders in the Senate,” making nearly 100 stock trades and tripling his personal wealth while in office.
Read more about Sullivan’s history of stock trading while in the Senate below:
Sullivan’s stock trades include several “suspiciously timed trades”, including selling off shares in RPM – the multibillion-dollar chemical company in which Sullivan owns up to $5 million in stock – after “closed-door briefings from federal health officials on COVID-19, before the full economic impact of the pandemic became clear to the public” and two new potential STOCK Act violations.
Sullivan has made close to 100 stock trades and has tripled his personal wealth while in the Senate.
Sullivan’s largest stock holding is in the multibillion-dollar chemicals company RPM International. Sullivan has advocated for legislation to give tax handouts to RPM International while shareholders like himself received “record dividends” after the company raised prices.
Sullivan violated the STOCK Act when he failed to report tens of thousands of dollars of stock in a direct competitor to Alaska’s salmon fishermen – Mowi, the “world’s largest farmed salmon company” – and got caught red-handed concealing it.
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