Transparency

Rep. Rick Allen's August 10, 2023 House report disclosed 137 new transactions dated 2017 to 2023, 136 of them past the 45-day deadline; his office blamed a compliance firm, and no public Ethics Committee penalty was found

Confidence: Confirmed · 3 sourcesGeorgia · Oct 12, 2026

Subject of this story

Rick W. Allen, U.S. Representative, GA-12

Also named

Oversight

U.S. House Committee on Ethics

What happened

A Periodic Transaction Report (PTR) digitally signed by Rep. Rick Allen on August 10, 2023 (House Clerk Filing ID 20023082, 21 pages) lists 176 line items: 137 marked New, 37 Amended and 2 Deleted. The 137 new entries carry transaction dates from February 3, 2017 through July 17, 2023; 136 of them are dated more than 45 days before the filing and 120 more than a year before it. All twelve entries dated 2017 list the spouse as owner. The STOCK Act requires reporting within 30 days of notification and no later than 45 days after a transaction. Raw Story, in an analysis of the filing, counted 136 transactions valued at roughly $3.05 million to $8.56 million and described them as reported as much as six and a half years late; the Atlanta Journal-Constitution reported the same figures. Allen's spokesperson Carlton Norwood Jr. told Raw Story that Allen's investments are handled by a financial adviser who uses investment managers with their own discretion, and that in May 2023 Allen learned of "reporting issues and omissions" caused by a compliance firm he had hired, after which he retained counsel and a new compliance firm to work with the House Ethics Committee; Norwood said the August 10 filing was made in consultation with Ethics Committee counsel. The 13 PTRs the Clerk lists for Allen from September 2023 through November 2024 were each filed within the deadline. The standard fee for a late report is $200, which Raw Story says the ethics committees have often waived. The Ethics Committee's chief counsel declined to comment to Raw Story and Norwood did not answer whether Allen paid a fine; no public House Ethics Committee finding or penalty against Allen was located, and it was not possible to confirm whether any fine was assessed.

Sources (3)

U.S. House Clerk, Periodic Transaction Report, Hon. Richard W. Allen (GA12), signed 08/10/2023, Filing ID 20023082Periodic Transaction Report, 176 line items (137 New, 37 Amended, 2 Deleted) with transaction dates from 02/03/2017 to 07/17/2023, including a 2018 Bayer AG entry noting 'cash merger with mandatory sale of Monsanto stock previously owned'; certified and digitally signed 08/10/2023.

Raw StoryReports Allen disclosed 136 transactions on an August 10, 2023 filing, valued between $3.05 million and $8.56 million, as much as six and a half years late; quotes his spokesperson attributing 'reporting issues and omissions' to a compliance firm.

The Atlanta Journal-ConstitutionReports Allen's Aug. 10 disclosures list dozens of trades that should have been reported months or years earlier; cites Raw Story's count of 136 transactions worth $3.05 million to $8.56 million.

Response

Rick W. Allen

Statement given

Contacted and responded — exact wording not on record.

What happened next (0)

No outcome recorded yet.

I saw an update

Take action →