Raleigh, N.C. - Governor Pat McCrory released the following statement today:
This morning, the Raleigh News and Observer ran a blaring, top of the fold account of a story that overstates, misleads and gives a false impression that I did something ethically wrong regarding my Statement of Economic Interest filing. In fact, just the opposite occurred.
I truthfully disclosed that I had divested my retirement savings of any utility stocks before April 15, 2014 on my required ethics (SEI) forms. Not only did I do this on this form, but I notified the media at that time that I submitted the report and the media first reported it several months ago.
The form was filled out based on an interpretation from my legal counsel that the information should be current as of April 15, 2014. Following his discussion with staff for the State Ethics Commission, it was clarified that disclosure should be based upon ownership as of December 31, 2013. When we determined our interpretation was incorrect, we immediately took steps to correct it. The utility stocks were divested to stop the constant, repeated, false and unfounded political rhetoric challenging my character via the media.
I am proud of my public and private record of accomplishment and high ethical standards.