Ethics Watchdog Calls for Investigation into Sen. Mark Kelly
Evidence Shows Kelly Failed to Disclose Stock Transactions
Washington, D.C.— August 30, 2021— The non-partisan ethics watchdog, the Foundation for Accountability and Civic Trust (FACT), requests the Senate Select Committee on Ethics to immediately investigate Sen. Mark Kelly (AZ) for violating federal law and Senate ethics rules.
Federal law and Senate Ethics rules require Senators to disclose financial information to the public, including financial disclosure reports that provide a “full and complete” statement of the Senator’s assets, debts, and income, as well as periodic reports of financial transactions that exceed $1,000 within 30 to 45 days of the transaction.
Contrary to Senate Ethics rules, it was recently reported that Sen. Kelly failed to disclose personal stock transactions required by the law. Sen. Kelly purchased up to $15,000 in Boom Technology by exercising his stock option on April 13, 2021. However, he failed to disclose the trade within the 30- or 45-day deadline and missed the deadline by months – finally reporting the transactions on August 16, 2021.
“When it comes to disclosing stock transactions in a timely manner, there is no excuse for failing to do so. Any financial reporting violations are serious and cannot be overlooked. The disclosure requirements are an integral part of an ethical and transparent government: accurate and timely filing is the only method for citizens to determine whether Members have conflicts of interest or are wrongfully profiting from their position. This requirement is nothing new to senators and is part of their duties as an elected official to affirmatively act to ensure compliance. The Senate Select Committee on Ethics must immediate investigate and impose the proper penalties for failing to comply with the federal law, “said Kendra Arnold, Executive Director of FACT.
A full copy of the Kelly complaint can be found by clicking here.
FACT is a nonprofit organization dedicated to promoting accountability, ethics, and transparency in government and civic arenas. For more on FACT, visit: http://www.factdc.org/