{"id":1923169,"date":"2023-05-03T01:57:16","date_gmt":"2023-05-03T05:57:16","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dem-rep-sold-stock-in-collapsing-bank-and-picked-up-jpmorgan-shares-right-before-acquisition-disclosures-show\/"},"modified":"2023-05-03T02:00:45","modified_gmt":"2023-05-03T06:00:45","slug":"dem-rep-sold-stock-in-collapsing-bank-and-picked-up-jpmorgan-shares-right-before-acquisition-disclosures-show","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dem-rep-sold-stock-in-collapsing-bank-and-picked-up-jpmorgan-shares-right-before-acquisition-disclosures-show\/","title":{"rendered":"Democrat Representative sold failing bank stock and bought JPMorgan shares before acquisition, according to disclosures."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdem-rep-sold-stock-in-collapsing-bank-and-picked-up-jpmorgan-shares-right-before-acquisition-disclosures-show%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1923169&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><section id=\"article\">\n<article data-post-title=\"Dem Rep Sold Stock in Collapsing Bank and Picked Up JPMorgan Shares Right Before Acquisition, Disclosures Show\" data-post-slug=\"http:\/\/biden-admin-abandons-opposition-to-bank-mergers-after-first-republic-collapse\" data-post-url id=\"print-1726902\">\n<div>\n<h2>Florida Rep. Lois Frankel&#8217;s Shrewd Trading: Sold First Republic Bank Stock Before Collapse and Bought JP Morgan Shares Before Acquisition<\/h2>\n<figure>\n\t\t\t\t<img decoding=\"async\" src=\"https:\/\/images.unsplash.com\/photo-1521747116042-5a810fda9664?ixid=MnwxMjA3fDB8MHxzZWFyY2h8Mnx8YmFua3N8ZW58MHx8MHx8&#038;ixlib=rb-1.2.1&#038;w=1000&#038;q=80\" alt=\"Representatives Lois Frankel and Nancy Pelosi\"><figcaption>Reps. Lois Frankel (D., Fla.) and Nancy Pelosi (D., Calif.) \/ Getty Images<\/figcaption><\/figure>\n<\/p><\/div>\n<div>\n<p>Florida Democratic representative Lois Frankel is making headlines for her shrewd trading moves. According to congressional financial disclosures reported on by <em>Newsweek<\/em>, Frankel sold her stock in the San Francisco-based First Republic Bank on March 16, weeks before the value of its shares dropped 75 percent and U.S. regulators seized the failing bank&#8217;s assets. <\/p>\n<p>But that&#8217;s not all. A few days later, on March 22, Frankel bought stock in JP Morgan Chase &#038; Co, which on Monday bought most of First Republic Bank&#8217;s assets. Talk about perfect timing! The exact amount of stock Frankel traded is unknown, but according to the filing, the value for each trade was between $1,001 and $15,000, <em>Newsweek<\/em> reported.<\/p>\n<p>Frankel&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dem-rep-sold-stock-in-collapsing-bank-and-picked-up-jpmorgan-shares-right-before-acquisition-disclosures-show\/\" title=\"Democrat Representative sold failing bank stock and bought JPMorgan shares before acquisition, according to disclosures.\">shrewd trading fuels mounting criticism<\/a> of members of Congress buying and selling stocks, which allows them to profit from industries they are supposed to regulate. Reps. Earl Blumenauer (D., Ore.) and John Curtis (R., Utah) also <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-journal-exposes-massive-runaway-corruption-in-federal-government\/\" title=\"Wall Street Journal Exposes Massive Runaway Corruption in Federal Government\">reported trading<\/a> First Republic Bank stocks before its collapse. Several members of Congress have introduced legislation to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-stays-out-of-congressional-stock-trading-debate\/\" title=\"Biden Stays Out of Congressional Stock Trading Debate\u00a0\">ban congressional stock trading<\/a>.<\/p>\n<p>When asked about her trading moves, Frankel said in a statement to <em>Newsweek<\/em>, &#8220;My account is managed independently by a money manager who buys and sells stocks at his discretion.&#8221;<\/p>\n<\/p><\/div>\n<\/article>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Rep. Lois Frankel sold her First Republic Bank stock weeks before bank&#8217;s collapse Reps. Lois Frankel (D., Fla.) and Nancy Pelosi (D., Calif.) \/ Getty Images Florida Democratic representative Lois Frankel is capitalizing on First Republic Bank&#8217;s collapse and subsequent buyout by JP Morgan Chase &amp; Co, according to congressional financial disclosures reported on by<\/p>\n","protected":false},"author":164,"featured_media":1923170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[11089,5373,10627,4912,21167,3766,12519,20765,4790,9395,4359],"class_list":["post-1923169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon","tag-acquisition","tag-bank","tag-bought","tag-democrat","tag-disclosures","tag-failing","tag-jpmorgan","tag-representative","tag-shares","tag-sold","tag-stock"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1923169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/164"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1923169"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1923169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1923170"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1923169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1923169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1923169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}