Skip to main content
Tags: Harry Reid aide stock return

Reid Aide’s 100% Stock Return Raises Eyebrows

Monday, 11 October 2010 03:04 PM EDT

Chris Miller, the top energy aide for Senate Majority Leader Harry Reid, doubled his $3,500 investment in stock of a renewable energy company in just two years. Skilled investing you might say. But there’s a catch, The Wall Street Journal reports. Reid helped pass a law that benefited the firm, Energy Conversion Devices Inc.

Harry Reid, aide, stock, Chris MillerReid spokesman Jim Manley defended Miller’s action at first. He said the aide played no role in creating tax incentives for renewable-energy firms and that the stock rose for other reasons.

But on Sunday, Manley said, “Mr. Miller showed poor judgment, and Senator Reid has made it very clear to Chris and all his staff that their actions must not only follow the law, but must meet the higher standards the public has a right to expect from elected officials and their staffs."

Miller isn’t the only congressional staffer investing on stocks of companies affected by their bosses’ activity. At least 72 aides, both Republicans and Democrats traded shares of companies their congressmen help oversee in 2008-09, according to a WSJ analysis.

© 2025 Newsmax. All rights reserved.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.

US
Chris Miller, the top energy aide for Senate Majority Leader Harry Reid, doubled his $3,500 investment in stock of a renewable energy company in just two years. Skilled investing you might say. But there s a catch, The Wall Street Journal reports. Reid helped pass a law...
Harry Reid aide stock return
177
2010-04-11
Monday, 11 October 2010 03:04 PM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© 2025 Newsmax Media, Inc.
All Rights Reserved
Download the Newsmax App
NEWSMAX.COM
America's News Page
© 2025 Newsmax Media, Inc.
All Rights Reserved