Cuomo didn't disclose millions in nuclear stock options
ALBANY, New York — Former Gov. Andrew Cuomo holds stock options in an advanced nuclear technology company worth more than $2.6 million, but did not disclose those assets in filings with the New York City Conflicts of Interest Board.
Nano Nuclear Energy awarded Cuomo the stock options as compensation for his position on the company’s advisory board, which the company disclosed in an annual securities filing. Cuomo, the leading candidate in the Democratic primary for New York City mayor, did not make a similar disclosure, and, according to experts, political candidates should disclose such holdings.
“Stock options would need to be reported in response to the question ‘Securities Held,’” said Carolyn Miller, executive director of the city’s Conflicts of Interest Board, in response to a question about whether stock options should be disclosed to the oversight body.
A Cuomo campaign official familiar with the filing said the options do not have to be disclosed because they’re held by the candidate’s limited liability company, Innovation Strategies. There are no questions on the required forms about an LLC’s holdings, just the candidate’s personal securities and other holdings.
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