Debt ceiling deal and pipeline approval raise insider concerns.

TL;DR Summary
A mystery trader made a $7.5 million profit on Equitrans Midstream call options just days before the announcement of the inclusion of the Mountain Valley Pipeline in the debt ceiling deal. The timing of the trade has raised suspicions of insider trading, as the pipeline's inclusion was kept secret until the deal was announced. Congress members are prohibited from trading on confidential information, but a 2021 investigation found repeated violations of the STOCK Act. Ethics watchdogs are calling for an investigation into the matter.
Topics:nation#congress#debt-ceiling-deal#equitrans-midstream#finance#insider-trading#mountain-valley-pipeline
- Trader made $7.5 million on suspiciously-timed debt limit deal trade Business Insider
- Mystery Trader's Debt-Ceiling Windfall Sparks Insider Concerns Bloomberg
- Manchin visits Bridgeport to speak on pipeline approval WBOY.com
- A closer look at the Mountain Valley Pipeline greenlit in debt ceiling deal WUSF Public Media
- Equitrans: Mountain Valley Pipeline to be completed by end of the year - Pittsburgh Business Times The Business Journals
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