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Rep. Tom Malinowski, a Democrat from New Jersey. Tom Williams/CQ-Roll Call via Getty Images
The independent Office of Congressional Ethics found "substantial reason to believe" that Democratic Rep. Tom Malinowski of New Jersey violated federal rules or laws designed to promote transparency and defend against conflicts of interest, according to investigation documents released Thursday.
In its 5-1 vote, the Office of Congressional Ethics formally referred its Malinowski investigation to the Democrat-led House Committee on Ethics, which on Thursday confirmed will continue reviewing the matter.
The investigation involved the question of whether Malinowski failed to properly disclose dozens of personal stock trades he made during 2019 and 2020, which Insider first reported in March.
Office of Congressional Ethics report on Rep. Tom Malinowski, a Democrat from New Jersey
House Committee on Ethics
During the Office of Congressional Ethics' investigation, Malinowski told investigators that his failure to properly disclose his personal investments was "carelessness on my part, which I regret and take full responsibility for. This is not a justification or excuse."