Rep. MTG sold up to $15,000 of Activision on the day of the sale
- Rep. Marjorie Taylor Greene filed a stock statement saying she sold up to $15,000 worth of Activision stock on Jan. 18.
- Microsoft announced its intention to acquire video game giant Activision Blizzard for $68.7 billion on the same day.
- Activision shares soared that day, and Greene declared at least $200 in capital gains on the sale.
Representative Marjorie Taylor Greene filed a stock disclosure saying she sold up to $15,000 worth of Activision Blizzard stock on Jan. 18 — the day news broke of the video game company’s planned takeover by Microsoft.
Greene made at least $200 in
on the sale on the disclosure form, which she filed Thursday with the Clerk of the House of Representatives. It wasn’t immediately clear how much Greene — a freshman Republican from Georgia and one of the most polarizing members of Congress — pocketed from the sale, as lawmakers aren’t required to state the exact dollar amount. of their capital gains.
On Tuesday, Microsoft announced plans to acquire gaming giant Activision Blizzard for $68.7 billion. If the deal is approved, it will be the biggest deal ever in the tech industry. On the same day, Activision’s price skyrocketed.
Greene ranks among the most active stock traders in Congress. She was the first congresswoman to invest in Donald Trump’s social media company, TRUTH social, and has had no problem investing in companies that espouse social views that oppose her own, such as those on Black Lives Matter.
Greene has also invested in the stock of three COVID-19 vaccine makers – Pfizer, Johnson & Johnson and AstraZeneca – despite boasting that he is unvaccinated against COVID-19.
Greene’s office could not be reached for immediate comment on the recent Activision Blizzard stock sale. In September, Greene told Insider, “I have an independent investment advisor who has full discretion over my accounts. I’m not directing any trades.”
Greene’s stock sale comes against the backdrop of Insider’s new investigative reporting project, “Conflicted Congress,” which chronicles the myriad ways members of the U.S. House and Senate have eviscerated their own ethical standards, avoided consequences, and blinded Americans to the many times lawmakers’ personal finances clash with their public duties.
The project identified 54 members of Congress who failed to properly report their financial transactions as required by the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act. There is no evidence that Greene violated the STOCK Act by making this transaction, which Greene disclosed two days after making it — well within 30 to 45 days, depending on the type of transaction.
House Speaker Nancy Pelosi, a Democrat who said in December lawmakers should be allowed to trade individual stocks, reversed course this month, saying she was now open to a trading ban. actions for lawmakers.
“If the members want to do that, that’s fine with me,” Pelosi told reporters Thursday.
Microsoft was the second most popular stock among members of Congress, according to an Insider analysis of Congressional financial records. As part of Insider’s “Conflicted Congress” project, Greene received a “strong” rating for disclosing his various stock trades on time.
Only 10 members of Congress have placed their assets in a “qualified blind trust” – an official financial vehicle, approved by Congress, managed independently by a trustee and designed to prevent conflicts of interest. Greene is not among them.