Author Topic: House/Senate Financial Disclosure Reports  (Read 1170 times)

LC

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House/Senate Financial Disclosure Reports
« on: February 09, 2019, 01:26:19 PM »
Has anyone ever used the congressional financial disclosure reports to source ideas or "coat-tailing" politicians who may have more intimate knowledge of upcoming legislation, financial data, etc. than you and I?

If so, curious how you went about it.
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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MarkS

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Re: House/Senate Financial Disclosure Reports
« Reply #1 on: February 09, 2019, 01:42:46 PM »
It's an interesting idea.  But the reports are dated.  Nancy Pelosi built a pretty big fortune insider trading years ago. Her and her husband, a hedge fund manager, did so well Congress had to change the rules.  I just looked.up her recent purchases.  The last filed report I could find was from October of 2018.  So I doubt checking those reports would help much. But I could be wrong.

LC

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Re: House/Senate Financial Disclosure Reports
« Reply #2 on: February 09, 2019, 05:13:23 PM »
Do you know what the disclosure timelines are in relation to a transaction? From the Pelosi item it looked like 2 weeks but I donít know for sure.
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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brk.b | dis | irm | mo | nlsn | pm | relx | tap | tfsl | vz | wm

MarkS

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Re: House/Senate Financial Disclosure Reports
« Reply #3 on: February 09, 2019, 05:37:11 PM »
It's not as big a delay as I thought.   A congressman must file a periodic transaction disclosure form within 30 days of finding out about the transaction but not to exceed 45 days.   https://ethics.house.gov/sites/ethics.house.gov/files/CY%202017%20Instruction%20Guide%20for%20Financial%20Disclosure%20Statements%20and%20PTRs_0.pdf

LC

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Re: House/Senate Financial Disclosure Reports
« Reply #4 on: February 09, 2019, 09:33:42 PM »
Iíd think you can gain some pretty good insight by tracking which congresspeople are members of certain congressional committees (finance, energy, etc.) and investigating their disclosures related to companies in those industries.
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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brk.b | dis | irm | mo | nlsn | pm | relx | tap | tfsl | vz | wm

mofozo

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LC

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Re: House/Senate Financial Disclosure Reports
« Reply #6 on: March 23, 2019, 05:11:53 PM »
List of committees and members. Subcommittees are provided as well under each committee.

https://www.govtrack.us/congress/committees/

"Lethargy bordering on sloth remains the cornerstone of our investment style."
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brk.b | dis | irm | mo | nlsn | pm | relx | tap | tfsl | vz | wm