{"id":"C001098","trades":[{"date":"2014-02-06","filed":"2014-02-27","ticker":"BFK","issuer":"BlackRock Municipal Income Trust (NYSE)","asset_type":"unknown","direction":"buy","amount":[15001,50000],"owner":"joint","sector":null,"late":false,"trade_id":"S2720c946-d861-4079-b392-d2d4bc8af95c-001","source":"senate_stock_watcher","source_url":"https://efdsearch.senate.gov/search/view/ptr/2720c946-d861-4079-b392-d2d4bc8af95c/","in_jurisdiction":false,"car_5":null},{"date":"2014-02-21","filed":"2014-02-27","ticker":"EPD","issuer":"Enterprise Products Partners L.P. (NYSE)","asset_type":"unknown","direction":"buy","amount":[50001,100000],"owner":"joint","sector":"Utilities","late":false,"trade_id":"S2720c946-d861-4079-b392-d2d4bc8af95c-002","source":"senate_stock_watcher","source_url":"https://efdsearch.senate.gov/search/view/ptr/2720c946-d861-4079-b392-d2d4bc8af95c/","in_jurisdiction":false,"car_5":null},{"date":"2015-02-03","filed":"2015-02-09","ticker":"PAGP","issuer":"Plains GP Holdings, L.P. (NYSE)","asset_type":"stock","direction":"buy","amount":[50001,100000],"owner":"joint","sector":"Industrials","late":false,"trade_id":"S46f6c806-d3b6-4432-8246-8f7a25c3b98b-001","source":"senate_stock_watcher","source_url":"https://efdsearch.senate.gov/search/view/ptr/46f6c806-d3b6-4432-8246-8f7a25c3b98b/","in_jurisdiction":false,"car_5":null},{"date":"2015-10-15","filed":"2015-10-19","ticker":null,"issuer":"CVX (Chevron Corporation CMN)","asset_type":"stock","direction":"sell","amount":[15001,50000],"owner":"joint","sector":null,"late":false,"trade_id":"S7de2a81d-819e-4b78-80f7-9a5596929d4d-001","source":"senate_stock_watcher","source_url":"https://efdsearch.senate.gov/search/view/ptr/7de2a81d-819e-4b78-80f7-9a5596929d4d/","in_jurisdiction":false,"car_5":null},{"date":"2015-11-29","filed":"2015-12-03","ticker":null,"issuer":"CVX - Chevron Corporation CMN","asset_type":"stock","direction":"sell","amount":[15001,50000],"owner":"joint","sector":null,"late":false,"trade_id":"Se40bb309-a7ff-4375-9032-ca7c6a7100fa-001","source":"senate_stock_watcher","source_url":"https://efdsearch.senate.gov/search/view/ptr/e40bb309-a7ff-4375-9032-ca7c6a7100fa/","in_jurisdiction":false,"car_5":null},{"date":"2016-02-25","filed":"2016-03-28","ticker":"GS","issuer":"The Goldman Sachs Group, Inc.","asset_type":"stock","direction":"sell","amount":[50001,100000],"owner":"joint","sector":"Financials","late":false,"trade_id":"S7c2e00ca-9710-4fd3-a1e8-707dfc26e697-001","source":"senate_stock_watcher","source_url":"https://efdsearch.senate.gov/search/view/ptr/7c2e00ca-9710-4fd3-a1e8-707dfc26e697/","in_jurisdiction":false,"car_5":-0.026993},{"date":"2016-02-25","filed":"2016-03-28","ticker":"OKE","issuer":"ONEOK Inc.","asset_type":"stock","direction":"sell","amount":[15001,50000],"owner":"joint","sector":"Energy","late":false,"trade_id":"S7c2e00ca-9710-4fd3-a1e8-707dfc26e697-002","source":"senate_stock_watcher","source_url":"https://efdsearch.senate.gov/search/view/ptr/7c2e00ca-9710-4fd3-a1e8-707dfc26e697/","in_jurisdiction":false,"car_5":-0.2071},{"date":"2016-04-17","filed":"2016-05-17","ticker":"OKE","issuer":"ONEOK Inc.","asset_type":"stock","direction":"sell","amount":[15001,50000],"owner":"joint","sector":"Energy","late":false,"trade_id":"S34e0aa3f-b58f-48ca-a412-b143434a82fb-001","source":"senate_stock_watcher","source_url":"https://efdsearch.senate.gov/search/view/ptr/34e0aa3f-b58f-48ca-a412-b143434a82fb/","in_jurisdiction":false,"car_5":-0.111669},{"date":"2019-05-15","filed":"2019-05-24","ticker":"GS","issuer":"The Goldman Sachs Group, Inc.","asset_type":"stock","direction":"sell","amount":[50001,100000],"owner":"joint","sector":"Financials","late":false,"trade_id":"Sf7fff831-e133-4d72-b2f4-91ad003d1dff-001","source":"senate_stock_watcher","source_url":"https://efdsearch.senate.gov/search/view/ptr/f7fff831-e133-4d72-b2f4-91ad003d1dff/","in_jurisdiction":false,"car_5":0.000883},{"date":"2019-11-27","filed":"2019-12-03","ticker":"PAGP","issuer":"Plains GP Holdings, L.P.","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"joint","sector":"Industrials","late":false,"trade_id":"Sf2b74022-dcf0-485b-8fbe-187feefadac6-001","source":"senate_stock_watcher","source_url":"https://efdsearch.senate.gov/search/view/ptr/f2b74022-dcf0-485b-8fbe-187feefadac6/","in_jurisdiction":false,"car_5":null},{"date":"2022-01-25","filed":"2022-02-04","ticker":"BTC","issuer":"Exchange/Platform : River","asset_type":"crypto","direction":"buy","amount":[15001,50000],"owner":"unknown","sector":"Financials","late":false,"trade_id":"SQC001098-20220204-001","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":null},{"date":"2024-04-15","filed":"2024-04-24","ticker":"GS","issuer":"GS","asset_type":"stock","direction":"sell","amount":[250001,500000],"owner":"unknown","sector":"Financials","late":false,"trade_id":"SQC001098-20240424-001","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":-0.052136},{"date":"2025-11-11","filed":"2025-11-12","ticker":"GS","issuer":"GS","asset_type":"stock","direction":"sell","amount":[100001,250000],"owner":"unknown","sector":"Financials","late":false,"trade_id":"SQC001098-20251112-001","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":-0.000037}],"tests":[{"id":"T1","reading":"open_question","evidence":"statistical","summary":"9% of 11 trades were in the lowest disclosure band ($1,001-$15,000); trades just before large company-specific moves were larger than usual.","detail":"Lowest-band share 0.091, 90% Wilson [0.021, 0.323]. Event-linked size gap Delta_z = 0.93 (within-issuer permutation p = 0.524); 0 event-linked trades with z > 3 in bands of $50,001 or more.","estimate":{"label":"Lowest-band share","value":0.090909,"ci":[0.02055,0.322782],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":0.524,"p_holm":1,"q_bh":1,"robust":null,"robustness":[],"sources":[],"stats":{"n":11,"lowest_band_share":0.090909,"lowest_band_ci":[0.02055,0.322782],"share_over_50k":0.545455,"max_z":1.144442,"size_gap":0.934078,"size_gap_p":0.524,"event_linked":1,"event_linked_outliers":0}},{"id":"T2","reading":"open_question","evidence":"statistical","summary":"6 different companies; the effective number of equally sized positions is 2 and trading spans 33% of maximum sector diversity.","detail":"Dollar HHI 0.536 (identified set [0.322, 0.736]); trade-count HHI 0.223 vs. 95th percentile 0.107 of 11 random draws from all congressional trades (p = 0.002). Normalized sector entropy 0.33 [0.13, 0.53]. Top three issuers (GS, PAGP, EPD) carry at least 73% of dollar volume.","estimate":{"label":"Effective number of issuers","value":1.866769,"ci":[1.357978,3.108197],"ci_level":0.9,"unit":"count"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":11,"issuers":6,"hhi_mid":0.535685,"hhi_bounds":[0.32173,0.736389],"n_eff":1.866769,"hhi_count":0.22314,"peer_benchmark_p95":0.107438,"peer_benchmark_p":0.002,"sector_entropy":0.326774,"sector_entropy_ci":[0.131584,0.532747],"top3_share_lower":0.733691,"top3":["GS","PAGP","EPD"],"top3_tied_to_events":true}},{"id":"T3","reading":"does_not_fit","evidence":"statistical","summary":"0% of trading days were batches of three or more companies; 0% of trades look routine; 9.1% of trades came within five trading days before a large company-specific move (chance alone: 4.4%).","detail":"Batch-day share 0/10, Wilson [0.00, 0.21]; index of dispersion 1.20 (chi-square p = 1.75e-13); routine share 0.00 (portfolio-routine or Cohen-Malloy-Pomorski two-year rule). Proximity share 0.091 vs. circular-shift null mean 0.044, p = 0.390.","estimate":{"label":"Batch-day share","value":0,"ci":[0,0.212942],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":0.39,"p_holm":1,"q_bh":0.820147,"robust":null,"robustness":[],"sources":[],"stats":{"n":11,"trade_days":10,"batch_share_trades":0,"batch_day_share":0,"batch_day_ci":[0,0.212942],"dispersion_index":1.197132,"dispersion_p":0,"routine_share":0,"proximity_share":0.090909,"proximity_null_mean":0.043542,"proximity_null_p95":0.181818,"proximity_p":0.39,"proximity_nonroutine":0.090909,"proximity_routine":0}},{"id":"T4","reading":"not_assessed","evidence":"not_computed","summary":"Abnormal returns were not computed (daily prices unavailable or too few priced trades).","detail":"Abnormal returns were not computed (daily prices unavailable or too few priced trades).","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":6}},{"id":"T5","reading":"open_question","evidence":"statistical","summary":"Before 1 large market moves, the member's net trading pointed the right way 1 times.","detail":"Hit rate 1.00, Clopper-Pearson 90% [0.05, 1.00]; exact one-sided p = 0.500; magnitude-weighted sign-flip p = 0.500. Episodes: benchmark days beyond three rolling standard deviations with trades in the prior five trading days, plus documented episodes when supplied.","estimate":{"label":"Hit rate","value":1,"ci":[0.05,1],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":0.5,"p_holm":1,"q_bh":1,"robust":null,"robustness":[],"sources":[],"stats":{"n_episodes":1,"hits":1,"hit_rate":1,"ci":[0.05,1],"p_exact":0.5,"p_magnitude":0.5002,"episodes":[{"event_date":"2022-01-28","move":0.024835,"dir":1,"robust":true,"n_trades":1,"post_news_trades":0,"kind":"market"}]}},{"id":"T6","reading":"not_assessed","evidence":"not_computed","summary":"No documentary record of trading arrangements or absence periods was available.","detail":"No documentary record of trading arrangements or absence periods was available.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{}},{"id":"T7","reading":"does_not_fit","evidence":"descriptive","summary":"0 of 13 trades (0.0%) were disclosed late; median lag 9 days.","detail":"Late share 0.000, Wilson [0.000, 0.172]; 90th percentile lag 32 days; longest 32 days.","estimate":{"label":"Late share","value":0,"ci":[0,0.172267],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":13,"amendment_rows_excluded":0,"late":0,"late_from_trade":0,"excused_by_notification":0,"late_share":0,"late_ci":[0,0.172267],"median_lag":9,"p90_lag":31.6,"max_lag":32,"filings":11,"late_filings":0,"late_priced":0,"timely_priced":6,"late_priced_dates":0}},{"id":"T8","reading":"does_not_fit","evidence":"descriptive","summary":"0% of the member's mapped trading by dollar value was in industries their committees oversee, against 24% for a comparable benchmark.","detail":"Committees SSCM, SSFR, SSJU, SSRA; jurisdiction sectors Aerospace & Defense, Air Freight & Logistics, Automobile Manufacturers, Broadline Retail, Cargo Ground Transportation, Communication Services, Interactive Media & Services, Passenger Airlines, Pharmaceuticals, Rail Transportation, Semiconductors. Dollar share 0.000 (identified set [0.000, 0.000], bootstrap 0.000-0.000); benchmarks S&P 500 0.149, congressional peers 0.241.","estimate":{"label":"Jurisdiction excess share","value":-0.240907,"ci":[-0.240907,-0.240907],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":10,"in_jurisdiction_trades":0,"share":0,"share_bounds":[0,0],"share_ci":[0,0],"benchmark_sp500":0.148515,"benchmark_peers":0.240907,"excess":-0.240907,"excess_ci":[-0.240907,-0.240907],"committees":["SSCM","SSFR","SSJU","SSRA"],"jurisdiction_sectors":["Aerospace & Defense","Air Freight & Logistics","Automobile Manufacturers","Broadline Retail","Cargo Ground Transportation","Communication Services","Interactive Media & Services","Passenger Airlines","Pharmaceuticals","Rail Transportation","Semiconductors"]}},{"id":"T9","reading":"not_assessed","evidence":"descriptive","summary":"0 priced trades fell in affected industries in the 30 days before the member's committee events and 6 did not; at least 10 of each are needed to compare them.","detail":"0 priced trades fell in affected industries in the 30 days before the member's committee events and 6 did not; at least 10 of each are needed to compare them.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":0,"n_other":6,"events":4214}},{"id":"T10","reading":"not_assessed","evidence":"descriptive","summary":"No documented scrutiny date; the estimated change point in trading activity is shown for reference.","detail":"No documented scrutiny date; the estimated change point in trading activity is shown for reference. Estimated change point 2014-02-24 (permutation p = 0.014).","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"changepoint":"2014-02-24","changepoint_LR":12.696938,"changepoint_p":0.014,"tradeday_rate_before":0.166667,"tradeday_rate_after":0.00229}},{"id":"T11","reading":"not_assessed","evidence":"not_computed","summary":"Requires T4 for every member; computed in the cross-member pass.","detail":"Requires T4 for every member; computed in the cross-member pass.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{}},{"id":"T12","reading":"open_question","evidence":"statistical","summary":"2 trades were followed within two weeks by a large company-specific move; 0 were on the profitable side.","detail":"Hit rate 0.00, Clopper-Pearson [0.00, 0.78], exact one-sided p = 1.000; threshold |AR| > 3 sigma.","estimate":{"label":"Hit rate","value":0,"ci":[0,0.776393],"ci_level":0.9,"unit":"share"},"power_limited":true,"screen":false,"p_value":1,"p_holm":1,"q_bh":1,"robust":null,"robustness":[],"sources":[],"stats":{"n":2,"hits":0,"hit_rate":0,"ci":[0,0.776393],"priced":6,"share_followed":0.333333}},{"id":"T13","reading":"does_not_fit","evidence":"statistical","summary":"18% of trades had another member trading the same stock the same way within a week (chance alone: 7%).","detail":"Co-traded share 0.182; circular-shift null mean 0.073, 95th pct 0.182, p = 0.160.","estimate":{"label":"Co-traded share","value":0.181818,"ci":null,"ci_level":null,"unit":"share"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":true,"robustness":[{"variant":"Without M001157, the member with the most trades, in the co-trade index","value":0.181818,"reading":"does_not_fit"}],"sources":[],"stats":{"n":11,"cotraded_share":0.181818,"null_mean":0.072544,"null_p95":0.181818,"excess_p":0.16,"cotraded_share_wo_top":0.181818,"excess_p_wo_top":0.08}},{"id":"T14","reading":"not_assessed","evidence":"not_computed","summary":"Only 8 trades name the account owner; at least 10 are needed.","detail":"Only 8 trades name the account owner; at least 10 are needed.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"owner_unknown":3}},{"id":"T15","reading":"does_not_fit","evidence":"descriptive","summary":"No purchase and sale of the same stock within six months.","detail":"No purchase and sale of the same stock within six months.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"round_trips":0,"share_in_round_trips":0}},{"id":"T16","reading":"does_not_fit","evidence":"descriptive","summary":"No option trades were reported.","detail":"No option trades were reported.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"option_trades":0,"option_share":0}}],"episodes":[{"title":"Market move on 2022-01-28","event_date":"2022-01-28","direction":"buy","move_pct":2.48,"trade":"1 trade(s) in the prior five trading days","verdict":"Right way","event":"S&P 500 (SPY) daily move","source_url":null}]}