Since returning to the White House, the president Donald Trump has done more stock market transactions than all the congressional seats combined. Although he is in favor of the ban on the purchase of shares by senators and representatives – a measure so far approved in the House by the Republicans and which excludes the president from any restriction – the tycoon or his financial managers have made almost 28.700 transactions in the 17 months between the return and the end of June, according to an analysis of his filed statements conducted by Bloomberg compared to 19.400 for deputies and 2.900 for senators, in the same period.
Trump and the surge in his stock market activities
Despite Trump's claims that there is no conflict of interest, the surge in its stock market activities raised concerns about potential conflicts with current rules on stock manipulation e insider tradingRepublicans are trying to turn opposition to the House stock trading ban into a rallying cry for the November midterm elections. "The American people have a right to know that those they elect to public office are truly serving them and not pursuing their own economic interests," Representative Anna Paulina Luna thundered at last week's GOP convention in Dallas.
The stock purchase ban passed by House Republicans in July applies only to members of Congress, their spouses, and dependent children. It leaves the president free to act, despite his extraordinary access to US intelligence information and the power to influence entire economic sectors through executive orders or social media statements.
Trump and his financial management of his portfolio
Trump expressed his support for the House bill, saying in his State of the Union address earlier this year that it must be passed “without delay” so that Congress “cannot profit unlawfully from inside information.” The White House declined to comment on the tycoon's position on a possible trading ban for the president.. However, he adds Bloomberg, spokesman Davis Ingle said the president's portfolio is independently managed by third-party financial institutions, which use computer models that track indexes such as the Schwab 1000.
The Donald, for example, has advertised companies like Nvidia, Tesla and 19 other companies within a week of purchasing a stake in their capital, as reported in recent months by CNNTrump is the only US president this century to have declared active trading operations on individual stocks, with an average of approximately 80 transactions per trading dayDuring his first term, the statements were mainly about real estate and other activities to private capitalToday, its portfolio ranges from thousands of positions in stocks, bonds, and cryptocurrencies.
