Evidence shows Sen. Hickenlooper violated federal law and ethics rules regarding stock transactions
Washington, D.C.— June 15, 2022— The non-partisan ethics watchdog, the Foundation for Accountability and Civic Trust (FACT), has requested the Senate Select Committee on Ethics immediately investigate Sen. John Hickenlooper of Colorado for failing to disclose numerous stock transactions within the timeframe required under federal law.
Federal law and Senate Ethics rules require Senators to file periodic reports to disclose any financial transactions exceeding $1,000 within 30 to 45 days of the transaction.
Recent reporting revealed that Sen. Hickenlooper filed a transaction report on May 16, 2022, which disclosed stock trades made between March and November of 2021 valued at up to $1.3 million. Two of the transactions were reported over a year after he was required to report them.
“Sen. Hickenlooper’s failure to file timely reports of stock trades is inexcusable. Senators are fully aware of the reporting requirements which are necessary for transparency and accountability. Late disclosures erode public trust and create a sense that Senators do not have to abide by federal law and ethics rules. I hope the Senate Select Committee on Ethics will move swiftly to deter this behavior and assess the proper penalties,” said Kendra Arnold, Executive Director of FACT.
A full copy of the complaint can be found here.
FACT is a nonprofit organization to promoting accountability, ethics, and transparency in government and civic arenas. For more on FACT, visit: http://www.factdc.org/