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Peloton is facing federal scrutiny, but Sen. John Hickenlooper's family snagged stock in the fitness giant anyway

Mount Equity Group Tokyo, Japan > News > Markets > Peloton is facing federal scrutiny, but Sen. John Hickenlooper's family snagged stock in the fitness giant anyway

Peloton was facing federal scrutiny for safety issues when the Hickenloopers invested. Rep. Virginia Foxx recently bought tobacco stock, but ditched newspapers. Sen. Jon Ossoff has formed a blind trust to “to avoid any conflict of interest.” See more stories on Insider’s business page.

Members of Congress routinely trade stocks, buying and selling the shares of companies that often have significant business before the federal government – and sometimes spend lots of money to lobby lawmakers.

Insider dug through congressional financial disclosure records federal lawmakers filed in recent days. Here are the latest highlights from what we’ve found.

Sen. John Hickenlooper, a Democrat from Colorado, unsuccessfully ran for president in 2020.

Hickenlooper: More Peloton, fewer burritos

Democratic Sen. John Hickenlooper’s wife, businesswoman Robin Pringle Hickenlooper, purchased up to $15,000 worth of stock in Peloton Interactive Inc. – the company that makes the eponymous stationary exercise bikes and other fitness equipment.

The company has come under federal scrutiny, with the US Consumer Product Safety Commission telling consumers to stop using Peloton’s Tread+ treadmill around pets and