Rehberg owns stocks, claims he ‘got rid’ of them years ago

When it comes to insider trading, millionaire Congressman Dennis Rehberg is telling Montanans exactly what he wants them to hear:

“I got rid of all my stocks back in 1996 because I never wanted to be charged with any kind of a—a charge like that,” Rehberg told KMMS radio in Bozeman earlier this month (audio available online in Part 3 HERE).

But reality shows a different story.  According to his latest personal financial disclosure form, Congressman Rehberg still owns between $95,000 and $250,000 in market investments [Rehberg Personal Financial Disclosure, 2010].

On November 16, Jon Tester introduced the bipartisan Stop Trading on Congressional Knowledge Act in the Senate—legislation to prohibit insider trading on Capitol Hill.  Hours after Tester’s announcement, Congressman Rehberg followed Tester’s lead and cosponsored the measure in the House of Representatives.

“Dennis Rehberg’s top priority is serving himself, not Montana, so it’s no surprise he’s once again using his own facts when it comes to his personal finances,” said Ted Dick, executive director of the Montana Democratic Party.  “With very little show for his 11 years in Congress, it’s no surprise that Dennis Rehberg is paying only lip service and following Jon’s lead when it comes to real accountability in Washington.”

Rehberg, one of the wealthiest members of Congress, told Montanans that he’s “cash poor” and “struggling like everyone else.”

Here are details about Rehberg’s Wall Street market investments.

• Rehberg Owns $50,001 - $100,000 in Northern Prime Service Obligation Class Funds. According to Rehberg’s 2010 Personal Financial Disclosure, Denny Rehberg owns assets with Northern Prime Service Obligation Class Funds valued between $50,001 and $100,000. [Rehberg Personal Financial Disclosure]
• Rehbergs Owns $15,001 - $50,000 in American Growth Fund. According to Rehberg’s 2010 Personal Financial Disclosure, Jan and Deny Rehberg owns assets with American Growth Fund valued between $15,001 and $50,000. [Rehberg Personal Financial Disclosure 2010]
• Rehbergs Owns $15,001 - $50,000 in American Washington Mutual Investors. According to Rehberg’s 2010 Personal Financial Disclosure, Jan and Denny Rehberg own assets with American Washington Mutual Investors valued between $15,001 and $50,000. [Rehberg Personal Financial Disclosure 2010]
• Rehbergs Owns $15,001 - $50,000 in American New Perspective Fund. According to Rehberg’s 2010 Personal Financial Disclosure, Jan and Denny Rehberg own assets with American New Perspective Fund valued between $15,001 and $50,000. [Rehberg Personal Financial Disclosure 2010]