In one case, in May 2015, Perdue bought between $15,000 and $50,000 worth of shares in Regions Financial Corporation two days after a 10-minute phone call with then treasury secretary Jack Lew. Perdue bought additional shares in the bank two years later, on 18 May 2017, two days after a half-hour meeting with then Federal Reserve chair Janet Yellen. John Burke, Perdue’s communications director, has said that Perdue does not handle day-to-day decisions about his portfolio, which Perdue claimed is managed by outside financial advisers. The newspaper said that beginning in 2016, Perdue bought and sold shares in a cybersecurity firm called FireEye on 61 occasions. Perdue’s senate campaign did not respond to the Guardian’s request for comment.

Source: The Guardian January 04, 2021 18:33 UTC