US Representative Marjorie Taylor Greene has seen her stock in Palantir Technologies increase by 142% since investing just days before Immigration and Customs Enforcement (ICE) awarded the company a $30 million contract to support Trump’s anti-immigration agenda. The Georgia representative sits on the House Homeland Security Committee, which oversees ICE.
Greene had invested in Palantir on April 8th, according to research platform Quiver Quantitative, which tracks politicians’ investments. The stock has risen significantly since her purchase, sparking criticism from some who argue that Greene’s financial interests may be influencing her actions on the committee.
Greene’s response to criticism is that her financial adviser controls her investments, and she has signed a fiduciary agreement to allow for this arrangement. However, her comments have drawn comparisons to former House Speaker Nancy Pelosi, who has been accused of insider trading despite denials from both herself and her husband.
There is growing public support to ban lawmakers from trading stocks in individual companies, following recent incidents involving high-ranking officials, including White House deputy chief of staff Dan Scavino.
Source: https://www.independent.co.uk/news/world/americas/us-politics/marjorie-taylor-greene-palantir-stock-b2804920.html