At least one Republican Party leader in the seventh congressional district is committed to telling voters about Rep. Tom Malinowski’s (D-Ringoes) stock trades.
“The Hunterdon County Republican Organization is committed to making sure Malinowski doesn’t fool voters into believing this was an error of misplaced paperwork,” Hunterdon GOP Chairman Gape Plumer said. “The Congressman has an established record of prioritizing himself over his public service responsibilities. Hunterdon County deserves a representative who they can look in the eyes and trust he will have their backs in Washington D.C. Tom Malinowski is clearly not that person.”
Malinowski failed to timely disclose up to $3.2 million in stock trades. The move has spurred speculation about whether Democratic party leaders will draw him out of a competitive district to shore up neighboring Reps. Josh Gottheimer (D-Wyckoff) and Mikie Sherrill (D-Montclair).
The districts party chairs have said they won’t, but the focus over Malinowski’s stock trades is likely to prove a campaign issue in the district next year, when he’s likely to face a rematch from State Senate Minority Leader Tom Kean (R-Westfield), who is not seeking re-election this year.
“Malinowski hid his stock transactions and broke the law trying to cover up the financial gains he made from selling out American companies during the pandemic for his own financial gain,” Plumer said. “After barely being re-elected last year he is now trying to deceive the voters while criticizing others for the same thing. His hypocrisy is truly disgraceful.”
The congressman has said his late disclosures were the result of an oversight, and he’s taken steps to put his securities into a blind trust since Business Insider first reported his failure to disclose trades in March.
There’s no indication he traded based on insider information available to him because of his position in Congress.