Rep. Michael Rulli failed to properly disclose 22 personal stock trades, according to a NOTUS review of new congressional financial records, making him the latest member of Congress to violate a federal insider trading and transparency law.
The Ohio Republican was months late revealing that he had bought or sold shares in companies including defense and immigration contractor Palantir, pharmaceutical giant Pfizer and several tech companies, such as Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Oracle.
Rulli is a member of the House Energy and Commerce Committee, which has jurisdiction over telecommunications, consumer protection, drug safety, energy policy, and interstate and foreign commerce.
Together, Rulli’s tardy trades are worth between $22,022 and $330,000 — lawmakers are only required to disclose their trades in broad ranges — and the oldest are from late 2024, congressional financial records indicate.
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The Stop Trading on Congressional Knowledge Act requires members of Congress to publicly disclose individual stock trades no later than 45 days after making them.
Rulli’s congressional office acknowledged NOTUS’ request for comment Monday but did not otherwise respond to questions, including whether he paid a fine for his late disclosures. House Ethics Committee-administered penalties begin at $200.
A freshman lawmaker, Rulli is one of the wealthiest members of Ohio’s congressional delegation, according to NOTUS’ Capitol Gains project, which tracks wealth of federal lawmakers.
Rulli’s STOCK Act disclosure violation coincides with a Republican-backed effort in Congress to ban federal lawmakers from buying individual stocks at all. The Stop Insider Trading Act passed the House in July and awaits consideration in the Senate. Rulli voted in favor of the bill.Dozens of federal lawmakers have failed to comply with the existing STOCK Act, which Congress passed in 2012 to govern its own members’ behavior regarding the intersection of their personal finances and duties to the public.
Just this week, Sen. Ron Wyden (D-Oregon), who supports a ban on members of Congress trading stock, violated the STOCK Act’s disclosure rules by failing to properly disclose a six-figure stock share exchange from 2025 and made by his wife.
Wyden spokesperson Hank Stern told Politico, which first reported the violation, that the transaction “was discovered when filing the annual report and not subject to penalty from the ethics committee” and that “the senator’s wife is an independent small businesswoman whose finances are separate from her husband.” Wyden’s Senate office acknowledged NOTUS’ request for comment Monday but did not otherwise respond to phone and email messages.
Other senators who’ve violated the STOCK Act during the past year include Sens. Alan Armstrong (R-Oklahoma), Katie Britt (R-Alabama), Susan Collins (R-Maine), John Hickenlooper (D-Colorado), Mike Rounds (R-South Dakota) and John Fetterman (D-Pennsylvania).
In the House, STOCK Act violators include Reps. Julie Johnson (D-Texas), Linda Sánchez (D-California), Julia Letlow (R-Louisiana), Jim Jordan (R-Ohio), Lisa McClain (R-Michigan), Pat Ryan (D-New York), Sheri Biggs (R-South Carolina), Donald Norcross (D-New Jersey), Tim Walberg (R-Michigan), Rich McCormick (R-Georgia), Ritchie Torres (D-New York), Troy Nehls (R-Texas), Dan Meuser (R-Pennsylvania), Jonathan Jackson (D-Illinois), George Whitesides (D-California), Val Hoyle (D-Oregon), Austin Scott (R-Georgia), Shri Thanedar (D-Michigan), Debbie Wasserman Schultz (D-Florida), Pramila Jayapal (D-Washington), Kelly Morrison (D-Minnesota), Christian Menefee (D-Texas), Daniel Webster (R-Florida), Ed Case (D-Hawaii), Dan Crenshaw (R-Texas), Laurel Lee (R-Florida) and Scott Franklin (R-Florida). Rep. Kevin Hern (R-Oklahoma) was also late, although his office denies it.
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