INVESTMENT LAPSE
It’s nice to have investment portfolios. However, when you’re an elected official, there are federal rules mandating the disclosure of stock trades – a 45-day required window, and there is no flexibility, regardless of who you are, or who you think you are. End Citizens United, a left-leaning advocacy group, has let Congressman John James (R-Shelby Township, Rochester, Rochester Hills, Macomb County) know that he is not above the law when it filed an ethics complaint against him in late September, alleging he violated the STOCK Act for not disclosing 145 stock trades and failing to file his annual financial disclosure on time. It seems James failed to file his annual financial disclosure for 2023 until September 2, 2024 – including transactions which occurred as far back as November 10, 2023. “Whether this decision was intentional or not, Rep. James again left the public in the dark about his finances for weeks beyond the statutory deadline,” the complaint read. James’ office told The Detroit News he was unaware of any impropriety because “trades took place under a financial trust that function as a blind trust.”