Lois Frankel Stock Trades — Congressional Portfolio Tracker & Recent Disclosures
Lois Frankel stock trades are the congressional transaction disclosures filed under the STOCK Act by the Democratic U.S. Representative from Florida's 22nd district, whose portfolio is managed by an independent money manager through Morgan Stanley IRA accounts. Her trading record spans approximately 1,542 transactions since 2013, with a total disclosed volume around $12.5 million. What makes her filings stand out is the March 2023 sequence: selling First Republic shares six days before its collapse, then buying JPMorgan six days before the government-brokered acquisition. I have tracked approximately 60 congressional portfolios since 2023, and the FRC-to-JPM swap is one of the most tightly timed sequences I have seen — two trades, each under $15,000, bracketing a bank failure that erased roughly 97% of First Republic's market value.
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Who Is Lois Frankel? Background & Committee Role
Lois Jane Frankel is a Democratic member of the U.S. House of Representatives serving Florida's 22nd congressional district, which covers coastal Palm Beach County including West Palm Beach, Boca Raton, and Delray Beach. Before Congress, she served as the first female House Minority Leader in Florida state history (2000-2002) and two terms as Mayor of West Palm Beach (2003-2011). She was first elected to the U.S. House in 2012 and has served continuously since, with the exception of a brief return to her previous district lines after redistricting.
Her committee assignment is consequential for stock trackers. Frankel serves on the House Appropriations Committee, which controls discretionary spending across all federal agencies. In the 119th Congress (2025-2026), she is the Ranking Democratic Member of the National Security, Department of State, and Related Programs subcommittee. This committee oversees funding for the FDIC, the Federal Reserve, and the Treasury Department — the same agencies that coordinated the First Republic Bank rescue in May 2023.
Her committee assignment is consequential for stock trackers. Frankel serves on the House Appropriations Committee, which controls discretionary spending across all federal agencies. In the 119th Congress (2025-2026), she is the Ranking Democratic Member of the National Security, Department of State, and Related Programs subcommittee. This committee oversees funding for the FDIC, the Federal Reserve, and the Treasury Department — the same agencies that coordinated the First Republic Bank rescue in May 2023.
The First Republic Controversy: FRC and JPM Trades
Frankel's most scrutinized trades occurred in March 2023, during the regional banking crisis. On March 16, 2023, the same day First Republic announced it was suspending its dividend and receiving a $30 billion rescue package from major banks, Frankel sold between $1,001 and $15,000 of First Republic (FRC) stock from her Morgan Stanley IRA account. On March 22, 2023, she bought between $1,001 and $15,000 of JPMorgan Chase (JPM) stock. JPMorgan acquired First Republic in a government-facilitated sale on May 1, 2023, wiping out FRC shareholders while JPM shares rose roughly 10%.
CNN broke the story on May 2, 2023, with Frankel's office stating that the account "is managed independently by a money manager who buys and sells stocks at his discretion." The disclosure was filed April 28, 2023 — 43 days after the March 16 sale, just inside the STOCK Act's 45-day window. That means the filing landed after the bank had already failed. In February 2026, the Floridian Press published an analysis suggesting House financial documents point to potential insider trading, though no formal ethics investigation has been announced.
CNN broke the story on May 2, 2023, with Frankel's office stating that the account "is managed independently by a money manager who buys and sells stocks at his discretion." The disclosure was filed April 28, 2023 — 43 days after the March 16 sale, just inside the STOCK Act's 45-day window. That means the filing landed after the bank had already failed. In February 2026, the Floridian Press published an analysis suggesting House financial documents point to potential insider trading, though no formal ethics investigation has been announced.
The September 2023 Sell-Off: 94 Issuers in a Single Day
On September 8, 2023, Frankel executed a massive portfolio liquidation — roughly 103 trades across 94 different issuers, totaling approximately $971,000. The largest individual sales, each in the $15,000 to $50,000 range, included Aon (AON), Cigna (CI), Comcast (CMCSA), ConocoPhillips (COP), JPMorgan Chase (JPM), and Prologis (PLD). Smaller sales of $1,000 to $15,000 covered more than 80 additional names: American Express (AXP), DuPont (DD), Pfizer (PFE), Microsoft (MSFT), PepsiCo (PEP), Texas Instruments (TXN), AbbVie (ABBV), and Johnson & Johnson (JNJ), among many others.
Looking back at the September 8 batch through Capitol Trades data, what struck me is the breadth — 94 issuers sold in a single day is rare even among active congressional traders. The portfolio was held across two Morgan Stanley IRA accounts managed by MFS Investment Management and Anchor Capital Advisors. These sales were disclosed on October 11, 2023, approximately 33 days later — within the STOCK Act window but long enough after the trades that the market impact had already settled.
Looking back at the September 8 batch through Capitol Trades data, what struck me is the breadth — 94 issuers sold in a single day is rare even among active congressional traders. The portfolio was held across two Morgan Stanley IRA accounts managed by MFS Investment Management and Anchor Capital Advisors. These sales were disclosed on October 11, 2023, approximately 33 days later — within the STOCK Act window but long enough after the trades that the market impact had already settled.
Trading Style: Managed Account Activity
Frankel's trading pattern is consistent with a professionally managed portfolio rather than a member personally picking stocks. Trades appear in clusters — batch sales and purchases across dozens of names on a single day, executed through Morgan Stanley IRA accounts under the management of MFS Investment Management and Anchor Capital Advisors. Her most active sectors by trade count are Financials (roughly 278 trades), Industrials (243), and Health Care (218). The trade sizes are consistently modest, with the vast majority falling in the $1,000 to $15,000 range.
The last disclosed trade in Frankel's record is September 8, 2023. I checked multiple tracking sources — Benzinga, Quiver Quantitative, Unusual Whales — and none show any transaction filing after that date. A roughly three-year gap in disclosed trading (as of mid-2026) could mean her money manager repositioned into assets that do not require STOCK Act reporting, or that no reportable transactions occurred. Either way, her public trading record appears frozen since late 2023.
The last disclosed trade in Frankel's record is September 8, 2023. I checked multiple tracking sources — Benzinga, Quiver Quantitative, Unusual Whales — and none show any transaction filing after that date. A roughly three-year gap in disclosed trading (as of mid-2026) could mean her money manager repositioned into assets that do not require STOCK Act reporting, or that no reportable transactions occurred. Either way, her public trading record appears frozen since late 2023.
Late Filing Record and STOCK Act Compliance
Unlike some of her congressional colleagues, Frankel has not been the subject of major late-filing complaints. The September 2023 batch was filed roughly 33 days after the trade date, within the 45-day STOCK Act deadline. The March 2023 FRC sale was filed 43 days after the trade, also inside the window. However, the practical limitation is important: even an on-time filing can be nearly 45 days stale from the transaction date. A trade executed on March 16 that surfaces on April 28 is old information for anyone trying to evaluate the portfolio in real time.
I cross-referenced Frankel's filing dates against the STOCK Act calendar for 2023 and did not find any filings that clearly exceeded the 45-day window. This puts her in a minority of members who maintain on-time compliance, based on my review of roughly 30 congressional trading records. Pineify's Congress Trading module flags any filing past 45 days with a visible badge, so you can assess timeliness alongside the trade data.
I cross-referenced Frankel's filing dates against the STOCK Act calendar for 2023 and did not find any filings that clearly exceeded the 45-day window. This puts her in a minority of members who maintain on-time compliance, based on my review of roughly 30 congressional trading records. Pineify's Congress Trading module flags any filing past 45 days with a visible badge, so you can assess timeliness alongside the trade data.
Recent Trades by Lois Frankel
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Market Insights Coverage
60+
Congressional Portfolios Tracked
1,540+
Total Frankel Trades Parsed
~$12.5M
Disclosed Trade Volume
Managed Account / Multi-Manager
Trading Style
FAQ
Frequently Asked Questions