Sullivan’s illegally reported stock trades are just the tip of the iceberg in his self-enrichment
Fourteen years ago today, the STOCK Act became law, implementing transparency requirements to crack down on insider trading from members of Congress. This didn’t stop Dan Sullivan from breaking the law by failing to report tens of thousands of dollars in farmed fish stock trades and getting caught red-handed, denying Alaskans transparency. Not to mention, Sullivan’s concealed stock trades were in Mowi, the “world’s largest farmed salmon company,” and a direct competitor to Alaska’s fishing industry.
“Dan Sullivan breaking the law by violating the STOCK Act is just the tip of the iceberg — he’s been enriching himself at the expense of Alaskans for over a decade,” said Alaska Democratic Party Chair Eric Croft. “While he’s voting to gut food assistance for veterans and raising Alaskans’ health care costs, he’s tripled his personal wealth and hidden it from the state. He’s clearly more focused on his stock portfolio than Alaskans’ wallets, and when we retire him in November, he’ll have more time than ever to manage his millions.”
Sullivan has more than tripled his personal wealth while in office, and he continues to enrich his stock portfolio while voting again and again to gut vital programs and pass costs onto Alaskans.
Read the facts about Dan Sullivan’s illegally concealed stock trades:
Alaska Fish News: AK Senator Dan Sullivan busted for illegal sale of stocks in world’s largest farmed salmon company
Anchorage Daily News: Sen. Sullivan discloses stock sales late, in violation of financial reporting law
Business Insider: Republican Sen. Dan Sullivan of Alaska is the latest member of Congress to violate a federal conflicts-of-interest law with improperly disclosed stock trades