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A federal official held more than $1 million of Amazon stock while crafting trade policy.
The law that was supposed to prevent him from doing that is rarely enforced:
more than 2,600 federal officials invested in companies that stood to benefit from their agencies’ work from 2016 through 2021. The Journal reviewed annual financial disclosure reports filed for those years by about 12,000 senior executive-branch officials at 50 federal agencies, from career employees to political staff to presidential appointees.
It’s not just Amazon. Other tech companies’ stocks involved included Palantir Technologies, held by an ambassador, as well as Apple and Facebook, held by a Treasury Department official.
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