Saturday, July 29, 2006

IF YOU MAKE THE RULES, AND/OR ENFORCE THE RULES, YOU NEED TO FOLLOW THE RULES!!!

It seems as though the Florida Commission on Ethics ruled Friday that there was "probable cause" that Republican gubernatorial candidate and current Chief Financial Office Tom Gallagher may had violated state ethics law while serving as Insurance Commissioner by owning stock in two insurance companies, Penn Treaty American Corporation and Conseco, Inc.

Most of the allegations presented before the nine member panel were dismissed in the closed door meeting, but the 6-2 vote regarding this issue will allow the investigation to continue and eventually bring the matter before a public hearing. That's something the CFO doesn't need dogging him, as he's already far behind in the GOP gubernatorial polls.

Back in January, the St. Petersburg Times reported that Gallagher used an online stock brokerage account to attend to a personal stock portfolio which, at times, included stock in companies that did business with or were regulated by his agency...obviously a huge no-no.

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