It has been revealed that Mr Bush failed to disclose stock sales promptly, as required by law, on four occassions in the 1980s and 1990s. In the most serious case, he disclosed a 1990 sale of $US848,560 of Harken Energy Corp stock 34 weeks later than demanded by federal law.
Moreover, two months after Mr Bush sold the stock, the company announced losses and the stock fell 20 per cent.
The revelations have come just at a time Mr Bush is pledging 'zero tolerance' for American executives involved in dubious financial dealings. Currently, corporate America is awashed with financial scandals including among others, Enron and Worldcom.
The stock market watchdog is also investigating the conduct of oil company Halliburton when Vice-President Dick Cheney was the company's director.
