Rep. Dan Crenshaw has again violated a federal insider trading and transparency law by failing to properly disclose a pair of personal stock-option trades, according to new congressional financial filings reviewed by NOTUS.
Crenshaw, a Texas Republican, purchased up to $15,000 worth of stock options in Meta, the parent company of Facebook, on April 28. He then sold an equal number of Meta stock options at a higher price point on May 5, the financial filing indicates.
In both cases, Crenshaw publicly disclosed his stock-option purchases about a month past a 45-day federal deadline mandated by the Stop Trading on Congressional Knowledge Act, which lawmakers have regularly violated since Congress passed it in 2012. The law, meant to defend against lawmaker insider trading and conflicts of interest, only carries a $200 initial fine for violations, which the House and Senate ethics committees may waive at their discretion.