Sen. [crscore]Harry Reid[/crscore] announced Friday that he is calling on Rep. [crscore]Alan Grayson[/crscore] to drop out of the race for the Senate seat in Florida vacated by [crscore]Marco Rubio[/crscore].

In a statement Reid said that while Grayson claims to be a progressive, he has “no moral compass,” the Associated Press reports.

It was reported Thursday that while serving in Congress, Grayson has been running a hedge fund based in the Cayman Islands which promised to “capitalize on markets in turmoil due to economic, political or natural disasters.”

Promotional material for the fund — previously named Grayson Fund, then changed to Sibylline Fund — included the quote “the time to buy is when there’s blood in the streets.” (RELATED: Pro-Occupy Wall Street Congressman Operates Hedge Fund That Aims To Capitalize On Economic ‘Turmoil’)

Grayson has not responded to Reid’s call for him to leave the race, but this is likely to help his opponent Rep. [crscore]Patrick Murphy[/crscore] in the Democratic primary.

UPDATE: Grayson suggested in an email to IJ Review that Reid “may well prefer corrupt Establishment errand boy” Murphy. He continues to write, “I’m running against a rigged system and the Washington Establishment, so it’s no surprise that its departing figurehead, who failed so badly in the 2014 Senate races, relies on a false and misleading hyped story to try to pressure me out of this race.”