Revealed: David Perdue bought bank stocks after meeting financial officials
David Perdue, the Georgia Republican facing a Senate runoff election on Tuesday, has twice bought a significant number of shares in a US bank shortly after meeting with financial policy makers, raising more questions about his prolific stock trading while in office.
In one case, in May 2015, Perdue bought between $15,000 and $50,000 worth of shares in Regions Financial Corporation two days after a 10-minute phone call with then treasury secretary Jack Lew.
Perdue bought additional shares in the bank two years later, on 18 May 2017, two days after a half-hour meeting with then Federal Reserve chair Janet Yellen.
It is not clear in either case if Perdue discussed relevant financial regulation or other market-sensitive issues with Lew or Yellen or whether the discussions influenced his decision to buy the stock.
https://www.msn.com/en-us/news/politics/revealed-david-perdue-bought-bank-stocks-after-meeting-financial-officials/ar-BB1csT9H?li=BB141NW3&ocid=DELLDHP
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