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Wiley Reins' Jan Baran Weighs in on Stock Market Investment Using Political Campaign Funds
Election Law & Government Ethics Practice co-chair Jan Baran was quoted in an August 20 Roll Call article dealing with stock market losses for political campaigns. Some politicians have reported losing campaign money that was invested in the stock market during the last couple of years. There are no rules prohibiting such investments, and the Federal Election Commission only dictates that the amounts and dates for campaign transactions and the financial institutions involved be disclosed. “If you put your money in an asset that is risky, be prepared to lose the money,” Mr. Baran said. “And if you lose the money, be prepared to answer to your donors,” he added. “Lawmakers’ desire to invest in the market is exacerbated by current interest rates, which pay very little on certificates of deposit and savings,” Mr. Baran concluded.