As Donald Trump called Buy, Marjorie Taylor Greene bought thousands of shares, now she is under fire as lawmakers call for insider trading probe

Republican Congresswoman Marjorie Taylor Greene faces scrutiny. This follows her stock trades after Donald Trump's tariff announcement. Democrats are demanding an investigation. They want to know if Greene used inside information. Senator Adam Sch...

NYT News Service
Rep. Marjorie Taylor Greene (Kenny Holston/The New York Times)
The political and financial consequences continue after US president Donald Trump's unexpectedly high tariff announcement sent shockwaves through world markets. Republican Congresswoman Marjorie Taylor Greene is now being grilled about the stocks she bought within hours of Trump's "Liberation Day" trade policy speech on April 2, as per a report.

Democrats Demand Investigation

Democratic legislators are demanding an investigation into whether Greene, or anyone else in Congress, traded on inside information, according to Newsweek. Texas Democratic Representative Gregorio Casar said, "We need an investigation into insider trading by people like Congresswoman Marjorie Taylor Greene, as quoted by Newsweek. Casar also added that, "We need an investigation into whether any K Street lobbyists or other big firms were tipped off by Donald Trump's actions," quoted Newsweek.

The remarks are part of a wider effort by House Democrats, with Senator Adam Schiff also launching an investigation into Trump's administration for insider trading over the recent market volatility due to his changing tariffs, reported Newsweek.


What Did Marjorie Taylor Greene Buy and When?

As per Congressional trade tracker Insiderfinance.io, Greene disclosed that she bought seven stocks on April 3 and another 19 stocks on April 4, as per the report. Some of the firms whose shares she purchased included Apple, Lululemon, and Dell Technologies. The trades were in the $1,001 to $15,000 range.

Greene bought stocks that were fell the most after Trump's tariff announcement, like Apple's share price dropped about 8.2% between markets opening on April 2 and closing on April 3, the date Greene purchased the stock, reported Newsweek.


Legally Allowed But Concerns Are Raised

Though lawmakers are permitted to purchase and sell stocks, they must disclose transactions of more than $1,000 under the Stop Trading on Congressional Knowledge Act within 45 days, according to the report. Greene is the sole legislator known to have made trades immediately following Trump's surprise announcement, although others might still report within the legal deadline, as per Newsweek.

FAQs

Why is Marjorie Taylor Greene under scrutiny right now?
ADVERTISEMENT
Because she bought stocks just hours after Trump’s April 2 tariff announcement, raising concerns about insider trading or use of non-public info.

Did Greene break the law?

No. Lawmakers can trade stocks, but they must report trades over $1,000 within 45 days under the Stop Trading on Congressional Knowledge Act.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › US News › As Donald Trump called Buy, Marjorie Taylor Greene bought thousands of shares, now she is under fire as lawmakers call for insider trading probe
Text Size:AAA
Success
This article has been saved

*

+