Jul
12

Commerce Secretary Ross to Sell All Stocks After Ethics Office Warning

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  • Commerce secretary says he will sell remaining equity holdings
  •  Ethics chief says failure ‘undermined public confidence’

Commerce Secretary Wilbur Ross said Thursday that he will divest all his remaining equity holdings after the government’s top ethics watchdog said his failure to sell off assets that could pose a conflict of interest “created the potential for a serious criminal violation.”

In his ethics agreement, Ross, a New York businessman, had pledged to divest numerous assets, including all his holdings in Invesco Ltd., within 90 days of his confirmation, and more complex assets within 180 days…

Commerce Secretary Ross to Sell All Stocks After Ethics Office Warning

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Categories : Private Equity

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