Alaska’s political landscape is heating up as Sen. Dan Sullivan faces scrutiny over his stock trading activities, with transactions reaching up to $2 million during his tenure. This financial activity has raised questions about his stance against legislative efforts to ban congressional stock trading.
As Sullivan campaigns for a third Senate term, his main opponent is expected to be former Democratic Rep. Mary Peltola. While lawmakers are permitted to engage in stock trading, the STOCK Act of 2012 mandates transparency in reporting these trades to ensure compliance with insider trading regulations.
From 2015 to 2024, Sullivan disclosed approximately 80 stock trades, valued between $550,000 and $2.08 million. Notably, he was the only Alaskan federal politician to report such transactions during this period.
According to Quiver Quantitative, Sullivan’s net worth has soared from $3 million in 2015 to $8.29 million, marking a 176% increase. His investment portfolio has consistently outperformed the stock market, with a 47.5% rise in 2024, compared to the S&P’s 24.9% gain, and a remarkable 60.5% increase in 2023, surpassing the S&P’s 26.29% rise.
With growing public concern over wealth inequality and rising prices, stock trading by Congress members has come under scrutiny. Despite several bipartisan resolutions proposed since 2018 to prohibit this practice, none have been enacted, and Sullivan has not publicly supported any of these initiatives.
Peltola, who served in the House from 2022 to 2025, criticized congressional stock trading, arguing it fosters corruption. In a statement to Alaska Public Media, she expressed surprise at the ongoing debate over banning the practice and emphasized her support for such a ban, which she endorses.
Between 2018 and 2022, Sullivan violated the STOCK Act at least three times by failing to report trades within the mandated 45-day period. Two of these trades involved RPM International, a company led by his brother, Frank Sullivan. Although Sullivan updated his reports to rectify these omissions, he has not faced legal repercussions.
Alaska has not elected a Democratic senator since 2008, but Peltola’s campaign seems poised for a competitive race, having raised $8.9 million in early 2026, setting a new fundraising record for Senate campaigns in the state.
The post Dan Sullivan made up to $2 million in stock trades while serving in Senate appeared first on American Journal News.
