Stock mix-up nudges ethics review, but no violation found for Bessent
TL;DR Summary
Treasury Secretary Scott Bessent inadvertently reported his husband’s JPMorgan Chase stock as cash on a personal disclosure; an inspector general review found no knowing violation of federal ethics law, and the stock was divested after discovery. The holding was valued at $100,000 to $250,000, and a $200 late filing fee was paid. Outside counsel oversaw divestments, and the IG said there’s no evidence Bessent participated in matters affecting the holding.
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