Rep. Frankel dumped First Republic stock before bank collapse

A financial disclosure form filed in April by Representative Lois Frankel (R-FL) revealed the sale of First Republic stock shortly before the bank collapsed. The form also shows that Rep. Frankel purchased JP Morgan stock before the financial conglomerate bought First Republic. Rep. Frankel told CNN that her financial advisor was solely involved in handling her stock trading; the lawmaker is not facing any investigations.