US Commerce Secretary Wilbur Ross Says He Will Sell All of His Stocks After Letters From Ethics Office
U.S. Commerce Secretary Wilbur Ross said in a statement Thursday evening that he would be selling all of his equity holdings and buying Treasury securities with the proceeds — after receiving a letter from the U.S. Office of Government Ethics saying Ross could "run afoul of the primary criminal conflict of interest law."
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The November filing signed by Ross had indicated that intentionally false or misleading statement in the form is a violation of law. That's a warning that "should have triggered a more serious focus by Ross on the accuracy of his representations," said Walter Shaub, an attorney specializing in government ethics and the former head of the OGE.