In a recent Congressional Transactions Report, New York 3rd Congressman Thomas R. Suozzi documented transactions involving NVIDIA Corporation (NASDAQ:).
The transaction, which took place on March 4, 2024, included the sale of NVIDIA stock worth between $15,001 and $50,000. The report was officially notified two days later on March 6, 2024.
This transaction was conducted through a Merrill Lynch – Advisor Discretionary Account – IRA in accordance with the details provided in the Investment Vehicle section of the report. An IRA (Individual Retirement Account) is a type of investment account that provides tax benefits for retirement savings in the United States.
It is important to note that the report also indicates that the transaction may have generated capital gains in excess of $200, although the exact numbers were not disclosed.
As a reminder, stock laws require members of Congress to disclose transactions to maintain transparency and prevent insider trading. This report is part of an ongoing disclosure process.
The details of the transaction were certified as accurate by Suozzi himself on April 2, 2024, as indicated by the digital signature on the application. The filing ID for this transaction is #20024271.
Please note that this information is part of the public record and is important to maintaining transparency in the financial activities of public officials. It is always beneficial for investors to stay informed about these trades as they may provide insight into broader market trends and movements.
