Financial disclosures submitted to the Office of Government Ethics and dissected by CBS News show that accounts owned by President Donald Trump made 3,642 stock trades from January to March this year.
While the monetary value of the trades depend on how each stock is valued now and in the future, CBS puts the minimum valuation of Trump’s trades at $212 million, and the maximum at a whopping $695 million. The disclosures show that Trump’s favorite place to buy and sell stocks is the technology sector, followed by exchange-traded funds and the industrial industry. Microsoft, Amazon, Meta, Netflix, Advanced Micro Devices, and Oracle were Trump’s most-traded stocks.
The most powerful person in the nation trading at such a massive scale presents even more opportunity for corruption. An investment professional told CBS he had “never seen a strategy out there that would warrant that amount of trading.” Another expert said the trading looked to be an attempt to lower Trump’s tax bill. Senator Elizabeth Warren called for an investigation into “potential insider trading” by the president in response to the disclosures.
Such insider trading scandals could plague the president once he departs office. Even before then, Democrats could embrace a stronger anti-corruption stance and open investigations into some of his shady dealings if they can snag congressional majorities in November.
Hence then, the article about how trump made himself much much richer by stock trading as president was published today ( ) and is available on The New Republic ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( How Trump Made Himself Much, Much Richer by Stock Trading as President )
Also on site :