Vance Responds to Trump Stock Trading Controversy: Wealth Management Outsourced, Not Directly Managed by Him
During Tuesday's White House press briefing, U.S. Vice President JD Vance defended President Trump's stock trading behavior, emphasizing that Trump's investments are fully managed by a third-party wealth management firm and are not personally traded by him.
According to a report from the Office of Government Ethics, Trump's accounts executed around 3,700 stock trades in the first quarter, including purchases of Palantir, Dell, and Micron stocks.
However, these companies were later publicly praised by Trump, raising questions about potential conflicts of interest.
In response, Vance clearly stated that Trump does not personally buy or sell stocks in the Oval Office but instead has an independent wealth advisory team managing his investments.
As early as April 10, Trump praised Palantir's "great operational capabilities" on Truth Social, while his accounts purchased the company's stock PLTR at least ten times in the first quarter, with a total investment reaching $695,000.
Additionally, after Dell's founder pledged to donate $6.25 billion to Trump's "Invest in America" initiative, Trump publicly praised Dell products multiple times, with his account buying Dell stock valued between $1 million and $5 million during the same period.
Meanwhile, Trump also lauded semiconductor company Micron Technology as "one of the best companies" in a news interview, with his accounts frequently purchasing its stock in the first quarter of this year.
Vance emphasized that Trump's stock trading is fully compliant with the Stock Act passed in 2012, which requires the President, Vice President, and members of Congress to disclose stock trades over $1,000 within 45 days;
Trump's recent stock disclosures were made to comply with the act, despite him previously being fined $200 for failing to timely disclose stock trades involving Amazon and Microsoft.
Ironically, Vance criticized Pelosi in his 2022 campaign for "profiting from insider information." Now confronted with similar controversies, he supports banning members of Congress from trading stocks, but emphasizes that the President's investments are managed by third parties, claiming no conflicts of interest.
This contradictory position highlights his double standards as a political figure on stock trading issues and reflects the complex stance on balancing power and interests.
#万斯 #特朗普
During Tuesday's White House press briefing, U.S. Vice President JD Vance defended President Trump's stock trading behavior, emphasizing that Trump's investments are fully managed by a third-party wealth management firm and are not personally traded by him.
According to a report from the Office of Government Ethics, Trump's accounts executed around 3,700 stock trades in the first quarter, including purchases of Palantir, Dell, and Micron stocks.
However, these companies were later publicly praised by Trump, raising questions about potential conflicts of interest.
In response, Vance clearly stated that Trump does not personally buy or sell stocks in the Oval Office but instead has an independent wealth advisory team managing his investments.
As early as April 10, Trump praised Palantir's "great operational capabilities" on Truth Social, while his accounts purchased the company's stock PLTR at least ten times in the first quarter, with a total investment reaching $695,000.
Additionally, after Dell's founder pledged to donate $6.25 billion to Trump's "Invest in America" initiative, Trump publicly praised Dell products multiple times, with his account buying Dell stock valued between $1 million and $5 million during the same period.
Meanwhile, Trump also lauded semiconductor company Micron Technology as "one of the best companies" in a news interview, with his accounts frequently purchasing its stock in the first quarter of this year.
Vance emphasized that Trump's stock trading is fully compliant with the Stock Act passed in 2012, which requires the President, Vice President, and members of Congress to disclose stock trades over $1,000 within 45 days;
Trump's recent stock disclosures were made to comply with the act, despite him previously being fined $200 for failing to timely disclose stock trades involving Amazon and Microsoft.
Ironically, Vance criticized Pelosi in his 2022 campaign for "profiting from insider information." Now confronted with similar controversies, he supports banning members of Congress from trading stocks, but emphasizes that the President's investments are managed by third parties, claiming no conflicts of interest.
This contradictory position highlights his double standards as a political figure on stock trading issues and reflects the complex stance on balancing power and interests.
#万斯 #特朗普