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House Ethics panel dismisses complaint over Axne stock trades

News

July 29th, 2022 by Ric Hanson

(Radio Iowa) – The House Ethics Committee has unanimously voted to dismiss a complaint against Congresswoman Cindy Axne after concluding there’s no clear evidence Axne made willful errors on financial disclosures. Last year a watchdog group accused Axne and six other House members of failing to report stock trades. Axne says she and her husband leave their investment decisions to account managers and didn’t make any stock trades themselves — and Axne didn’t realize she was to file public .reports about any of that account activity.

Axne has hired a lawyer to file the reports about her investment accounts. Axne has signed onto the effort to ban members of congress from directly executing their own stock trades.