FCC officials owned stock in Comcast, Charter, AT&T, and Verizon, watchdog says | US law prohibits FCC employees from owning stock in firms regulated by the agency.

TL;DR

The Federal Communications Commission should be investigated for letting employees own stock in Comcast, Charter, AT&T, and Verizon, nonprofit watchdog group Campaign Legal Center told government officials. December 2019, the FCC decided not to punish Verizon, T-Mobile, and US Cellular for exaggerating their 4G coverage in official government filings despite FCC staff writing that overstatement of "mobile broadband coverage misleads the public and can misallocate our limited universal service funds, and thus it must be met with meaningful consequences. "The FCC's laws and regulations indicate that the above-listed stocks held by FCC officials fall into two categories covered under the stock ownership ban: telecommunications companies and FCC-licensed computer companies," the report said

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