Sen. Tommy Tuberville, a Republican from Alabama, violated federal transparency law by failing to properly disclose stock transactions worth up to $3.56 million. — Dave Levinthal, Business Insider Deputy Washington Bureau Chief
Sen. Tommy Tuberville, a Republican from Alabama, violated federal transparency law by failing to properly disclose stock transactions worth up to $3.56 million. — Dave Levinthal, Business Insider Deputy Washington Bureau Chief
Republican Sen. Tommy Tuberville violated federal transparency law by failing to properly disclose stock transactions worth up to $3.56 million
  • The Alabama lawmaker filed nearly 130 of his stock disclosures weeks or months late.
  • He's a member of the Senate Health Committee and trades pandemic-sensitive stocks.
  • Tuberville, a critic of China's government, traded stock options of Chinese e-commerce giant Alibaba.
Sen. Tommy Tuberville, the junior Republican from Alabama, failed to properly disclose stock and stock-option trades together worth at least $894,000 and as much as $3.56 million, according to an Insider analysis of newly filed Senate records.

Tuberville was weeks or months late in disclosing nearly 130 separate trades made between early January and early May. Federal lawmakers violate the STOCK Act's transparency provision if they don't formally disclose a trade in a certified report within 45 days of a stock trade.

Among Tuberville's trades: a January 25 stock option sale involving Alibaba Group Holding Limited. The Chinese e-commerce company has ties to the Chinese Communist Party, for which it reportedly helped produce a propaganda app.

Tuberville, whose office previously told Insider the senator had fully divested of his Alibaba investment in 2020, before becoming a senator early this year, is one of Congress' preeminent critics of China's government.

The senator earlier this year also bought and sold stock and stock options in a variety of companies particularly sensitive to the COVID-19 pandemic. They include Regeneron Pharmaceuticals Inc., which made a COVID treatment used last year to treat former President Donald Trump; Johnson & Johnson, which manufactures one of the leading COVID vaccines; and 3M, which makes a variety of medical and personal protective products.

Tuberville is a member of the Senate Committee on Health, Education, Labor and Pensions, which has this year routinely conducted hearings on COVID-19 matters.


Tuberville also reported making five separate stock and stock-option transactions involving aluminum company Alcoa on January 6, the day pro-Donald Trump rioters attacked the US Capitol.

Other trades involved the stocks of Google parent company Alphabet, PayPal Holdings Inc., eBay Inc., confectioner The Hershey Company, Warren Buffett holding company Berkshire Hathaway Inc., and Occidental Petroleum Corporation, according to a certified disclosure statement dated July 23.
Read the full article: https://www.businessinsider.com/sen-tommy-tuberville-alabama-violated-federal-law-late-stock-disclosures-2021-7