MINNEAPOLIS, MN – Republican Party of Minnesota Chairman David Hann issued the following statement raising concerns about a series of stock transactions involving U.S. Senator Tina Smith (D-MN).
“Last week, Quiver Quantitative issued a report highlighting a suspicious stock trade by U.S. Senator Tina Smith’s husband, Archie Smith. The Senator reportedly purchased up to $250,000 worth of stock in Tactile Systems, a medical devices company based in Minnesota.
Since Archie Smith’s purchase, the stock has experienced a consistent and notable rise of over 43%, marking gains on every trading day.
Given Senator Smith’s position on the Senate Committee on Health and that Tactile Systems operates in the medical devices sector, the stock transactions by her husband warrant public scrutiny and raise serious questions about potential conflicts of interest.”