Watchdog says Rep. Kelly's wife may have had inside stock information

Kelly says they've been open about their finances
PA Rep. Mike Kelly
PA Rep. Mike Kelly Photo credit (Photo by Alex Wong/Getty Images)

Congressman Mike Kelly's wife reportedly used nonpublic information gained through her husband's position to purchase stock last year.

A congressional ethics watchdog has concluded there is "substantial reason to believe" Kelly's wife had inside information when she purchased stock in an Ohio steel maker last year.

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That could violate federal law and House rules. A report issued by the Office of Congressional Ethics says that company was threatening to shut down a plant in Kelly's district unless the Trump administration granted it trade relief, which the administration did.

Kelly's wife Victoria purchased stock before that information became public and later sold it for a profit.

In a statement to KDKA-TV, a spokesperson for Mike Kelly says the congressman has been open about his finances, adding that the details in the report were actually disclosed by Congressman Kelly.

The Associated Press contributed to this report.

Featured Image Photo Credit: (Photo by Alex Wong/Getty Images)