New York Lawmakers’ Stock Investments Are Driving Their Wealth

Financial disclosures from New York’s congressional delegation show gaps between members’ public positions and how they themselves have made their wealth — even as its members join the chorus of lawmakers fixed on affordability ahead of the midterms.

That discrepancy is especially clear when it comes to stock trading.

The members with some of the highest median net worths in the delegation are also among the most active stock traders in the group, according to NOTUS’ analysis of their most recent personal finance disclosures.

Stock trading has ramped up among some members, even as colleagues on both sides of the aisle have called for a total ban on stock trading by members of Congress — and some lawmakers have been thrust into the spotlight for stock trades that could constitute conflicts of interest with their roles in office.

Rep. Tom Suozzi, whose median net worth is $10.2 million, owns stock in Nvidia, Apple and Microsoft, among other companies, according to his 2024 financial disclosure. A Democrat, he entered Congress in 2017 with 19 stock holdings and acquired several more after that, according to NOTUS’ review of his financial disclosures.

Suozzi left office in 2022 to launch an unsuccessful gubernatorial campaign but was reelected to Congress at the start of 2025. According to his financial disclosure from 2024, the year before he took office for the second time, Suozzi reported 21 individual stock holdings across accounts managed by a financial advisor. His largest holding was in Nvidia, valued $1 million to $5 million across separate accounts. Suozzi has since reported selling some of that stock.

NOTUS reported this year that the Long Island lawmaker voted to fund the Department of Homeland Security while holding stock in Palantir Technologies, a company that secured more than $80 million in contracts with the agency. Earlier this month, Suozzi’s office confirmed to NOTUS that the lawmaker sold that stock, though a spokesperson did not respond to follow-up questions about when he sold it or when he planned to file a form disclosing the sale. Suozzi had not reported the transaction as of March 16.

Rep. Pat Ryan, a Democrat whose median net worth is $2.7 million, also reported a host of stock holdings in 2024, including stakes in Amazon, Apple, Tesla and Pfizer. Ryan, who is serving his second term and sits on the House Armed Services Committee, held many of the same stocks when he took office in 2023.

Ryan also reported holding stocks in technology company IBM, which frequently earns defense contracts with the federal government, including a multimillion-dollar deal this year.

Ryan has called for reforms to stock-trading regulations.

“No more getting rich off trading stocks. An end to Members of Congress becoming lobbyists. Getting rid of kickbacks for politicians’ billionaire friends. It is time for comprehensive reform to ensure politicians serve the people, not themselves,” Ryan posted to X last year.

However, Ryan violated the STOCK Act in 2025 when his delayed disclosure became known, failing to report stock sales until well past the required deadline. A Ryan spokesperson told NOTUS last year that the congressman “didn’t have any option to not transfer his shares.”

Republican Rep. Nicole Malliotakis’ holdings include stock in Boeing, a defense contractor, and Caterpillar Inc., a construction and mining equipment manufacturer.

Both companies have received numerous federal government contracts. Boeing recently inked a $140 million contract with the Homeland Security Department for a fleet of planes that the administration intends to use for deportations. Malliotakis voted with most House Republicans last month to fund the department amid scrutiny over the Trump administration’s immigration enforcement tactics.

Every year, members of Congress are required to report the value of each of their assets and liabilities within broad ranges, such as $15,001 to $50,000. The larger the assets or liabilities, the wider the ranges get. The largest value range is open-ended — $50 million or more. There are also assets a lawmaker doesn’t have to report, such as their primary residence.

NOTUS calculated the median net worth of each lawmaker by first finding each member’s minimum net worth — the sum of the minimum value of all assets minus the sum of the maximum value of all their liabilities — and their maximum net worth — maximum asset value minus minimum liabilities. NOTUS then calculated the median between the minimum and maximum net worths.

Lawmakers filed their most recent financial disclosures in 2025, which detail their finances in 2024.

Holding stock isn’t always correlated with wealth in the New York delegation.

Republican Rep. Andrew Garbarino reported seven stock holdings in his 2024 financial disclosure, but his median net worth is in the negatives — by nearly $200,000 — largely because of student loans and a mortgage.

Meanwhile, some members of the delegation have built significant wealth from similar investments but have taken a more hands-off role in their finances.

That includes Rep. Dan Goldman, a Democrat who has a median net worth of $137.3 million, according to his 2024 personal financial disclosure.

Much of Goldman’s wealth is driven by income from family trusts and by investments, including stock holdings in Levi Strauss and Co., the denim company to which he’s an heir and which significantly financed his run for Congress.

Members of Congress are also required to report the assets and liabilities of spouses and dependents in annual disclosure forms.

According to Goldman’s 2024 filing, his spouse held stock in Meta, which the lawmaker criticized this year for its decision to stop independent fact-checking on its platforms.

But Goldman has repeatedly underscored his lack of involvement in his financial decision-making — a spokesperson for his office told NOTUS that the lawmaker’s assets have been in a blind trust since 2023. Goldman also previously said he sold off all of his individual stocks.

Democratic Rep. Ritchie Torres says he’s similarly hands-off with his investments.

“This investment is held within a publicly available, widely held independently managed portfolio over which I have no authority to exercise control over or influence the financial interests held by the portfolio,” reads a note attached to his financial disclosure about every asset mentioned in his 2024 disclosure form. “The assets of the portfolio are widely diversified, and all investment decisions are made solely by the independent manager, without my input or direction.”

Torres’ approach to building his wealth has changed dramatically since he first took office in 2021. That year, he disclosed exactly two assets: a New York City retirement account worth $15,001 to $50,000 and a savings account worth $100,001 to $250,000. During his time in office, he acquired several stock holdings but has since moved away from individual stock trades.

NOTUS reported last year that the lawmaker, who represents part of New York City, violated stock disclosure rules and then directed his financial adviser to dump dozens of individual stocks, retaining only investments in index funds, mutual funds and exchange-traded funds, according to a spokesperson from his office.

But prior to that, Torres held stocks closely related to his work in Congress. The lawmaker sits on the House Financial Services Committee, which directly oversees banking, securities markets and financial regulation, and he held stock in JPMorgan Chase, Morgan Stanley and BlackRock.

On the other end of the delegation’s spectrum are members who own zero stock.

Among the most notable are Democratic Rep. Alexandria Ocasio-Cortez, who helmed an effort to ban all stock trading in Congress last year, and Democratic Sen. Kirsten Gillibrand, who sponsored a similar Senate-side effort this year.

Senate Democratic Leader Chuck Schumer, who has previously criticized his colleagues for suspected insider trading, also did not report any stock holdings in 2024.