Rep. Tom Malinowski (D-NJ) has paused his stock trading until the House Ethics Committee approves his plan of putting assets into a blind trust, according to a report.
Malinowski has reportedly paused his stock trades since May 26, the congressman is currently awaiting approval from the ethics committee to put his remaining assets into a blind trust, according to the New Jersey Globe. Colston Reid, Malinowski’s chief of staff, said, “The account will remain frozen while we are awaiting a vote by the Ethics Committee.”
The congressman has had numerous complaints filed against him in the Office of Congressional Ethics (OCE), which laid out Malinowski’s alleged violations of federal law due to his constant failure to disclose his over 100 stock trades within the STOCK Act of 1978.
The act requires that financial disclosures must be filed for transactions over $1,000 must be filed within 30 days and no more than 45 days after the