China critic Sen. Tommy Tuberville once again bought Alibaba stock and options – By Dan Mangan (CNBC) / January 12, 2022
- Sen. Tommy Tuberville of Alabama, who has been a staunch critic of China and companies there, yet again bought stock and options in Chinese e-commerce giant Alibaba last month, a new disclosure report reveals.
- Tuberville made three separate purchases of Alibaba shares valued at as much as $300,000 in total.
- The buys were made less than five months after the Republican’s spokeswoman said that in mid-2000 he had ordered his financial advisors to sell off a small stake in Alibaba stock after becoming aware it was in his portfolio.
- Tuberville was revealed in July as having violated a federal financial transparency law, the STOCK Act, by failing to file disclosures of about 130 stock and stock options trades from January 2021 through May 2021 within a 45-day deadline.
Sen. Tommy Tuberville of Alabama, who has been a staunch critic of China and companies there, since last summer has bought and sold stock and options in Chinese e-commerce giant Alibaba after questions were raised about similar transactions, disclosure reports reveal.
Tuberville as recently as December made three separate purchases with his wife, Suzanne Tuberville, of Alibaba shares valued at as much as $300,000 in total, according to a financial disclosure report filed Wednesday.
In July, the Republican’s spokeswoman told CNBC that in mid-2020 he had ordered his financial advisors to sell off a small stake in Alibaba stock after becoming aware it was in his portfolio.
That previous sale of shares then valued at less than $5,000 occurred when the former Auburn University football coach was running for the Senate seat.
