The House Committee on Ethics announced on Tuesday that the investigation into Rep. Alan Grayson (D., Fla.) should continue. Rep. Alan Grayson (D., Fla.), who has come under steady scrutiny since June for operating hedge funds as a sitting member of Congress, sought to capitalize on markets in economic turmoil, according to a new report. 
Senate Minority Leader Harry Reid (D., Nev.) on Friday issued a rare rebuke of a fellow Democrat, calling on Rep. Alan Grayson (D., Fla.) to drop out of the Florida Senate race due to his “disgraceful” behavior, according to a statement. 
Rep. Alan Grayson (D., Fla.), known as one of the most outspoken members of Congress, met with a congressional ethics investigator Wednesday and would not discuss the meeting when questioned by Politico. Rep. Alan Grayson (D.,Fla.) said that he is not receiving compensation through a controversial Cayman Island hedge fund despite being listed as the manager, the Tampa Bay Times reports. Rep. Alan Grayson (D., Fla.) has quietly changed the name of the controversial hedge funds that has put the congressman under increased scrutiny over whether he was in violation of ethics rules. The decision of Rep. Alan Grayson (D., Fla.) to partake in an interview about his Senate candidacy may have violated congressional ethics rules, according to experts on the matter. A congressional staffer in Rep. Alan Grayson’s (D., Fla.) Washington, D.C., office is also listed as a director of the congressman’s controversial Cayman Island hedge funds. 