Академический Документы
Профессиональный Документы
Культура Документы
had been thought by most as of that date. The ad makes no claim that Whitehouse attended the meeting (hence the language receives), but implies that Whitehouse had every opportunity to learn of the information presented to his colleagues. In fact, according to sources cited, at least nine other senators including Whitehouses good friend, John Kerry also traded heavily in the aftermath of that briefing. 2. That subsequent to that briefing, over a matter of a few days, Mr. Whitehouse or his proxies (thus the passive voice stocks got sold) traded large blocks of stock holdings before the market could decline further. That is a fact, as evidenced by Sen. Whitehouses own annual financial disclosure. We believe that Mr. Whitehouse or his proxies acted in part or whole on the information received by and from his colleagues. We reject his assertion that it was simply remarkably good luck that led his financial managers to dump shares of Wachovia and Bank of America before they could decline further. 3. Our assertion that other people go to prison for trading on nonpublic information is a fact (Securities Act of 1933 and Securities Exchange Act of 1934). We make no assertion that Sen. Whitehouse committed any crime. Indeed, the United States Congress passed the STOCK (Stop Trading on Congressional Knowledge) Act a few months ago as a direct result of the actions of many members of Congress (including Sens. Whitehouse and Kerry) to make clear that members of Congress are prohibited from the type of conduct that was so rampant in the run-up to the financial collapse of 2008. The fact that prior to the passage of this Act, members of Congress could trade on information gleaned from their public duties is a subtext of our advertising. Thirty seconds do not allow us to expand upon this theme, but we believe that the voters of Rhode Island will understand this message. We trust that you will abide by the law (including the Constitution of the United States) and continue to air the advertising for which we have paid. Yours very truly, Peoples Majority