GS - GOP Senator Ted Cruz Sold Shares Of This Big Bank On Q1 Earnings Release Date: Here Are The Details | Benzinga
Sen. Ted Cruz (R-TX) on Wednesday disclosed a transaction in investment bank Goldman Sachs Group, Inc. (NYSE:GS), and this has raised some eyebrows.
What Happened: In a filing with the Senate, Cruz said his spouse sold Goldman shares on April 15 and the proceeds could be worth up to $500,000. Incidentally, the company reported its quarterly results on the same day. The sale was mentioned as part offloading of the position.
The filing was in line with the “Stock Trading on Congressional Knowledge Act,” which requires Congressmen to publicly file and disclose any financial transaction within 45 days of its occurrence. The values of trades are given in a ...