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Watchdog says ‘substantial reason to believe’ that congressman’s wife used insider info in stock trade

·5 min read
Watchdog says ‘substantial reason to believe’ that congressman’s wife used insider info in stock trade

A congressional ethics watchdog has concluded there is “substantial reason to believe” that the wife of Pennsylvania Rep. Mike Kelly used nonpublic information gained through her husband's position in Congress to purchase stock last year, a likely violation of federal law and House rules.