ThinkCivics News
An educated citizenry is a vital requisite
for our survival as a free people.
Join ThinkCivics+
  • Culture & Society
  • Economy
  • Health
  • US News
  • Faith
  • Science & Tech
  • World News
No Result
View All Result
ThinkCivics News
  • Culture & Society
  • Economy
  • Health
  • US News
  • Faith
  • Science & Tech
  • World News
Join ThinkCivics+
No Result
View All Result
ThinkCivics News
Join TC+
Home World News Military

Whistleblower wants more probing into whether VA announcement leaked to ‘enable insider trading’

Just the News by Just the News
September 22, 2021
in Military
Reading Time: 4 mins read
0
0
Whistleblower wants more probing into whether VA announcement leaked to ‘enable insider trading’

A whistleblower group is calling for further investigation into whether information about a Department of Veterans Affairs plan last year to prevent veterans from using G.I. benefits at some for-profit schools was either mishandled or intentionally leaked to “enable insider trading.”

The agency announced its intentions in a March 2020 press release, but the uptick in investor activities ahead of the public announcement is raising concerns for the watchdog group Empower Oversight and others.

“Based on stock price, volume, and data on short selling (betting that a stock price will fall), it appears that some in the market may have traded on that inside information in the weeks leading up to the VA’s official public announcement,” says nonprofit, nonpartisan Empower Oversight.

The group says a major concern is the release “appears to have leaked in advance to select groups before the general public,” based on its own whistleblower contacts as well as those with Congress and Executive Branch authorities, in addition to public reports and documents.

“Because some of the schools were operated by publicly traded companies with substantial veteran student enrollments, anyone with advanced knowledge of the VA announcement could have profited handsomely at the expense of average investors by trading on that information before the news became public,” also argues the group, led by Jason Foster, who was chief investigative counsel Iowa GOP Sen. Chuck Grassley when chairman of the Senate Judiciary Committee.

“During the relevant period, one company lost 58%, or $800 million, of its market capitalization, before the VA decided to reverse its initial announcement.”

The matter has been the subject of news reports, a federal FOIA lawsuit and congressional oversight letters. It has also been addressed by the VA Inspector General, and the Securities and Exchange Commission.

However, Empower Oversight says its analysis of the facts suggests that further investigation by the proper authorities is necessary to:

  • confirm whether the VA’s selective release of information enabled insider trading;
  • hold accountable any officials who improperly released information early;
  • improve the VA’s procedures for handling market moving information to ensure fair and equal access for all investors.

This article was originally published by Just the News. Read the original article.

Just the News

JusttheNews.com is committed to just reporting facts from journalists with a long record of public trust and excellence. In an era where opinion and supposition are too often substituted for fact and where journalists rush to get things first and hope their stories are correct, JusttheNews.com tries to stand out by returning to the bedrock promise of getting news first, but first getting it right. We try to deliver exclusive news you can trust.

justthenews.com/
Tags: AccountabilityVeterans AffairsWhistleblowers

Related Posts

Joe Biden Announces Woke New Direction for US Military’s Combined Assets

Joe Biden Announces Woke New Direction for US Military’s Combined Assets

April 23, 2022
Dem Sen. Chris Coons: It’s time to consider U.S. troops in Ukraine

Dem Sen. Chris Coons: It’s time to consider U.S. troops in Ukraine

April 18, 2022

Watch: Major Fireworks In Congress As Gaetz Slams Defense Secretary Lloyd Austin For Pushing ‘Wokeism’ In Military

April 6, 2022

U.S. Army surgeon: Top brass ordered silence on vaccine injuries

March 22, 2022
Load More
Next Post
Democrat Rep. Slotkin says within her party ‘desire to attack’ anything related to Israel

Democrat Rep. Slotkin says within her party 'desire to attack' anything related to Israel

Why Do Doctors Go Along with COVID Panic Porn and CDC Prescriptions?

Why Do Doctors Go Along with COVID Panic Porn and CDC Prescriptions?

Is America Heading Towards Authoritarianism?

Is America Heading Towards Authoritarianism?

TODAY'S TOP STORIES

  • Protesters block, attack truck and horse trailer, driver runs them over

    Protesters block, attack truck and horse trailer, driver runs them over

    0 shares
    Share 0 Tweet 0
  • Here’s a Three-Word Policy That’s Been Effective in Stopping School Shootings

    0 shares
    Share 0 Tweet 0
  • Unvaccinated People Will Be Barred From This, Starting May 31

    0 shares
    Share 0 Tweet 0
  • Watch As Nancy Pelosi Has Meltdown During Live Interview To Roe v. Wade Question

    0 shares
    Share 0 Tweet 0
  • FBI Agent at Sussmann Trial Just Dropped a Bomb About an Ongoing Investigation

    0 shares
    Share 0 Tweet 0

Newly obtained memo shows John Kerry was conducting ‘secret’ meetings with Iran during the Trump administration

by ThinkCivics Newswire
May 26, 2022
0
Newly obtained memo shows John Kerry was conducting ‘secret’ meetings with Iran during the Trump administration
National Security

This article was originally published on Twitchy.com. Read the original article.

Read more

Handwritten Notes From 2017 Show FBI Agents Mislead DOJ On The Trump-Russia Investigation

by The Federalist
May 19, 2022
0
Handwritten Notes From 2017 Show FBI Agents Mislead DOJ On The Trump-Russia Investigation
National Security

Hillary Clinton’s campaign lawyer Michael Sussmann is currently on trial for lying to the FBI about his role in pushing...

Read more

Jankowicz Got The Boot, But Biden’s ‘Ministry Of Truth’ Hired Replacements Are WORST

by ThinkCivics Newswire
May 19, 2022
0
Jankowicz Got The Boot, But Biden’s ‘Ministry Of Truth’ Hired Replacements Are WORST
National Security

The Department of Homeland Security (DHS) hired the co-author of the PATRIOT Act, arguably the harshest crackdown on civil liberties...

Read more

MSNBC Guests Want GOP Labeled ‘Domestic Terror Party,’ Jail Time For Having The Wrong Opinions

by The Political Insider
May 19, 2022
0
MSNBC Guests Want GOP Labeled ‘Domestic Terror Party,’ Jail Time For Having The Wrong Opinions
National Security

We all know that Democrats and the left love to operate on the premise of “never let a good crisis...

Read more
The Sinister Roots of Build Back Better
Economy

The Sinister Roots of Build Back Better

by American Thinker
May 26, 2022
0

President Joe Biden and the puppeteers who control his teleprompter are weakening the country in order to gain more power...

Read more
Watch: Davos Elites Warn “Painful Global Transition” Should Not Be Resisted By Nation-States
Economy

Watch: Davos Elites Warn “Painful Global Transition” Should Not Be Resisted By Nation-States

by Zero Hedge
May 24, 2022
0

As World Economic Forum head Klaus Schwab proclaimed that “the future is built by us” at the opening of the...

Read more
This Year’s World Economic Forum in Davos Is as Disturbing as You’d Expect
Economy

This Year’s World Economic Forum in Davos Is as Disturbing as You’d Expect

by RedState
May 23, 2022
0

It’s the time of year again when thousands of the world’s most powerful and wealthy people gather in Davos, Switzerland...

Read more
Is Trump A Modern Day Nostradamus? Watch His Prediction Of What Would Happen If Biden Won
Economy

Is Trump A Modern Day Nostradamus? Watch His Prediction Of What Would Happen If Biden Won

by The Political Insider
May 23, 2022
0

President Trump is many things, to friend and foe alike. Is being a modern day Nostradamus among them? At least...

Read more
Facebook Twitter RSS

Brilliantly

SAFE!

thinkcivics.com

Content & Links

Verified by Sur.ly

2022

Recent News

  • Report: Police Got Own Kids Out of School While Subduing Other Uvalde Parents
  • Meet The Billionaires’ Club Pumping Critical Race Theory Into Your Child’s Classroom
  • Newly obtained memo shows John Kerry was conducting ‘secret’ meetings with Iran during the Trump administration

Category

  • Culture & Society
  • Economy
  • Editorials
  • Education
  • Elections
  • Energy
  • Environment
  • Faith
  • Health
  • Immigration
  • Military
  • National Security
  • Politics
  • Science & Tech
  • US News
  • Videos
  • World News

© 2022 ThinkCivics Media. All Rights Reserved.

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • About
  • Store
  • Contact Us
  • Join
  • Contribute

© 2022 ThinkCivics Media. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.