Kerry sent a letter this week to Boston-based publisher Houghton Mifflin Harcourt demanding a retraction.
His office vehemently denied any wrongdoing yesterday, saying independent trustees manage financial holdings for both the senator and his wife, Teresa Heinz Kerry.
In a letter to Houghton Mifflin on Monday, Kerry wrote: “The notion that any public official would use inside information in the management of their investments is deeply troubling — but to link me to such behavior is beyond inaccurate. I am writing today to seek a public acknowledgement that Mr. Schweitzer — who did not present these accusations to me or my office for a response — erred in making these assumptions and accusations in my case.”
Schweizer, a research fellow at the Hoover Institution at Stanford University, said he looked at the committee assignments of members of Congress and their stock trades in related areas. Schweizer told the Herald he noticed “a curious pattern to Kerry’s stock transactions that often correlated with his committee activities.” But he said he would not call Kerry’s actions “insider trading,” saying he has no evidence of that.
“It could just be an amazing coincidence,” he said, calling for a broader investigation of congressional investing.