Wendy Davis..She don't get No Respect

A Texas citizen filed a complaint before the Texas Ethics Commission Monday afternoon, alleging that State Senator and gubernatorial candidate Wendy Davis (D-Fort Worth) knowingly misrepresented her assets on her annual Personal Financial Statements.

The complainant, Lou Ann Anderson of Temple, alleges that Davis failed to disclose her ownership of stocks and mutual funds, capital gains made on the sale of those mutual funds, interest earned on several bank accounts, and professional ties to registered lobbyists associated with a law firm at which she is employed. Davis allegedly failed to make these financial disclosures on three of the four Personal Financial Statements she has filed since taking office in 2009. Watchdog Wire has obtained copies from 2010, 2011, and 2012.

Davis disclosed ownership of a single stock and two mutual funds on each of her Personal Financial Statements, but reported ownership of several additional mutual funds on her income tax returns for each corresponding year (2010, 2011, and 2012). Davis’ 1040 and 1099-B forms include over 40 pages of proceeds from mutual fund transactions, and reveal that the Senator reported to the IRS that she bought and sold several mutual funds that made capital gains and losses during the years 2010-2012, but did not report any such activity to the state in her Personal Financial Statements for those years.

CLICK HERE to READ the COMPLAINT

The complaint alleges that this failure to disclose violates the Texas State Code, which requires state officers and candidates for office to make public a variety of assets, including bank accounts, stocks, bonds, mutual funds, capital gains, interest earned, businesses and properties owned, rents, royalties, and other forms of wealth. This law went into effect in its present form in 1993, during the administration of Gov. Ann Richards (D), and is intended to “strengthen the faith and confidence of the people in state government” by increasing transparency and helping to ensure that conflicts of interest do not occur.

Read the rest of the story HERE.

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