Texas congressman's Twitter stock questioned

By: From Wire Reports
By: From Wire Reports

AUSTIN, Texas (AP) - Texas Democratic congressman Beto O'Rourke has reported possibly violating ethics laws after purchasing shares in Twitter's public stock debut this month.

The El Paso Times reported Tuesday that a stockbroker purchased $2,600 worth of Twitter shares on O'Rourke's behalf when the social network made Wall Street's most anticipated initial public offering this year.

O'Rourke told the House Ethics Committee his participation may have violated a new law aimed at stopping members of Congress from engaging in certain stock transactions.

O'Rourke, who was first elected to his El Paso district in 2012, told the newspaper he didn't see a November memo warning members of congress about participating in IPOs.

A Houston Chronicle investigation this week also raised questions about the financial disclosures of another Texas congressman, Republican Steve Stockman.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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