- In 2022, Mast failed to disclose a $50,000 stock sale within the required time frame for members of Congress. In 2021, Mast failed to report a stock purchase of up to $100,000 within the required time frame for members of Congress. The 2021 stock trade also involved Mast buying stock in a company whose president had testified to a committee he sat on only a month earlier.
2022: Mast Violated A 2012 Stock Trading Law Requiring Members To Disclose Stock Trades Within 45 Days Of The Transaction When He Failed To Disclose A $50,000 Stock Sale For Six Months. According to Business Insider, “Rep. Brian Mast and Sen. Rick Scott — both of Florida — violated the Stop Trading on Congressional Knowledge Act of 2012. The law, in part, requires members of Congress to file disclosures within 45 days of making a stock transaction or other financial trade by the member or their spouse. […] Mast sold stock worth up to $50,000 in Ideal Power, a company that develops power switches for electric vehicles and other machinery, in February 2021. But he didn't properly report the sale to the US House of Representatives until August 12.” [Business Insider, 8/16/22]
2021: Mast Purchased Up To $100,000 Worth Of Stock In Virgin Galactic, Which Came About A Month After The President Of Virgin Galactic Testified In Front Of A Committee Mast Sat On. According to Business Insider, “Rep. Brian Mast, a Florida Republican, purchased up to $100,000 worth of Virgin Galactic stock about a month after the space tourism company's president testified before a congressional subcommittee of which Mast is a member.” [Business Insider, 8/26/21]
- 7/19/21: Mast Made Two Purchases Of Virgin Galactic Stock Between $15,001-$50,000, Which Members Of Congress Were Required To Report According To The STOCK Act. According to Florida Politics, “Moses testified in front of the subcommittee on June 16. On July 19, Mast made two purchases of the company’s stock. Each buy was worth between $15,001 and $50,000. The purchases also came days after Virgin Galactic’s founder, Richard Branson, flew to the edge of space with a crew during a televised event on July 11. Mast did eventually report the purchase on Aug. 23, according to the Business Insider report. But that may have violated federal rules. The STOCK Act requires members of Congress to report such trades within 45 days, but that window shrinks to 30 days if the member of Congress is aware of the trade.” [Florida Politics, 8/27/21]
- Mast Failed To Report The Stock Purchase Within The Federally Mandated Deadline. According to Business Insider, “Mast also appears to have become the latest member of Congress to violate the STOCK Act by disclosing his Virgin Galactic stock purchases several days after a federally mandated deadline, according to an Insider review of congressional documents.” [Business Insider, 8/26/21]