Alabama Senator Tommy Tuberville, who has been a staunch critic of China and Chinese companies, is again buying shares in the Chinese e-commerce giant Alibaba last month, A new disclosure report shows.
Tuberville’s three separate purchases Alibaba shares Total worth up to $300,000 less than five months after Republican spokeswoman told CNBC that in mid-2000, he had ordered his financial advisor to sell a small amount of Alibaba stock after realizing it was in his portfolio.
When the former Auburn University football coach ran for a Senate seat, shares previously sold were worth less than $5,000.
Tuberville was revealed in July to have violated the federal financial transparency law, the Stock Act, by failing to disclose about 130 stock and stock option trades between January 2021 and May 2021 within a 45-day period.
Selling put options worth $15,001 to $50,000 would give its holders the right to sell Alibaba at $230 until Sept. 19. The deal comes months after what his spokesman described as a divestiture of Alibaba stock.
His spokesman at the time said Tuberville was not even aware of the transactions because they were handled by his financial advisors.
On Wednesday, the spokesman brought up the advisers again when asked about his recent Alibaba stock purchases.
“Senator Tuberville has long had financial advisors actively managing his portfolio without his day-to-day involvement,” she said in an email.
CNBC has asked the spokesman if Tuberville now plans to tell the advisers not to trade shares of Alibaba or other Chinese companies, given his criticism of China.
In a financial disclosure filed Wednesday, Tuberville said he purchased Alibaba Group Holding Ltd. American depositary receipts on Dec. 14 valued between $50,001 and $100,000.
The next day, he bought Alibaba shares in the same range in value, according to the disclosure, which allows lawmakers to report deals within the range rather than the exact amount.
On Dec. 21, Tuberville purchased Alibaba stock worth between $15,001 and $50,000, the disclosure said.
The senator then made a so-called “partial” sale of Alibaba stock on Dec. 23, worth between $50,001 and $100,00, according to the form.
A Twitter account belonging to congresstrading.com tracked the lawmaker’s disclosure document informing CNBC Tuberville of buying Alibaba stock.
Tuberville praised the president in June Joe Biden Issue executive order allowing U.S. to ban The White House said U.S. investment in Chinese companies would undermine the security or democratic values of the U.S. and its allies.
“Chinese companies routinely violate U.S. sanctions laws and actively contribute to the Chinese Communist Party’s military expansion and persecution of religious minorities,” Tuberville said in a statement at the time.
In May, Tuberville introduced the Prohibition of TSPs Investing in China Act, which would permanently ban federal savings savings plans from investing in a Chinese company after retirement.