{"id":4923,"date":"2026-09-19T13:03:08","date_gmt":"2026-09-19T13:03:08","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=4923"},"modified":"2026-09-19T13:03:08","modified_gmt":"2026-09-19T13:03:08","slug":"a-huge-problem-trump-has-traded-more-stocks-than-all-of-congress-combined","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=4923","title":{"rendered":"‘A huge problem’: Trump has traded more stocks than all of Congress combined"},"content":{"rendered":"

<\/p>\n

President Donald Trump has made more securities trades since returning to office than every member of Congress combined. <\/p>\n

\n

According to a Bloomberg analysis published this week, he has made roughly 28,700 in 17 months, or about 80 trades every market day,<\/p>\n

It\u2019s a new habit of Trump\u2019s. In his first term, Trump\u2019s financial disclosures consisted mostly of his real estate and privately held businesses.\u00a0<\/p>\n

For his second term, the periodic reports he filed through early 2026 showed an account buying municipal and corporate bonds\u2014more than $100 million by August 2025 and more than $337 million in all\u2014along with bank preferred securities and bond ETFs.<\/p>\n

The stock trading surfaced in May of this year, when a first-quarter filing listed roughly 3,600 transactions in 90 days. Then the annual disclosure, released June 30 at nearly a thousand pages, showed more than 21,000 trades in 2025, worth between $600 million and $1.86 billion, at 85 per market day. Trump lists eight separate investment accounts but doesn\u2019t give any indication of which institutions manage them.<\/p>\n

\u201cI believe that that is a huge problem,\u201d Richard Painter, who served as chief White House ethics lawyer under President George W. Bush and now teaches securities law at the University of Minnesota, told Fortune<\/em>. \u201cI\u2019ve gone through every president. I don\u2019t think we\u2019ve had any president trade in the stock market.\u201d<\/p>\n

Since Lyndon Johnson, essentially every president has used a blind trust, held index funds, or just owned Treasuries. Jimmy Carter, for example, put the family peanut business in a blind trust that eventually sold it.<\/p>\n

However, Trump\u2019s portfolio is handled differently. In May, after the stock trades appeared, White House spokesman Davis Ingle told Fortune<\/em> the assets are held in a trust managed by the president\u2019s children. Eric Trump posted that any suggestion a family member was buying individual stocks \u201cwould be a lie and blatantly false.\u201d\u00a0<\/p>\n

\u201cThere\u2019s a financial conflict of interest if he has an ownership interest in the account,\u201d Painter said. \u201cIt doesn\u2019t matter who manages it.\u201d<\/p>\n

In a statement, the White House\u2019s Ingle told Fortune<\/em> that third-party financial institutions independently manage the portfolio through \u201ccomputer-based model portfolios that automatically replicate recognized indexes, such as the Schwab 1000.\u201d <\/p>\n

He did not answer questions about which institutions manage the portfolio or why the White House described a family trust in May. \u201cThere are no conflicts of interest,\u201d the statement said.<\/p>\n

Fortune\u2019s<\/em> review of the president\u2019s first-quarter filing in May found the account bought up to $1.38 million of DoorDash stock; in April, Trump had DoorDash deliver a McDonald\u2019s order to the White House for a tipped-worker tax event. <\/p>\n

The account sold hyperscaler stocks in the $5 million-$25 million range on Feb. 10, the day after a chip-tariff carveout leaked. It bought energy stocks in the weeks after the Iran war began, as Trump was downplaying the conflict as a short-term conflagration. It bought Cal-Maine, the country\u2019s largest egg producer, during the egg shortage and sold it two months later for two to five times more.<\/p>\n

Every executive branch official except the president and vice president has to abide by 18 U.S.C. 208, a criminal statute that bars participation in government matters that affect one\u2019s own holdings. \u201cIf he were Treasury Secretary, he\u2019d have a big, big problem with that account,\u201d Painter said.<\/p>\n

He was careful, though, not to allege that anyone is trading on government information, which could constitute criminal insider trading, explaining that stock-trading disclosures can\u2019t prove that.\u00a0<\/p>\n

That, Painter said, is the argument for a ban. A new House measure, passed in July and attached to a voter-ID bill, bars members, spouses and dependent children from trading stocks; Trump endorsed it in his State of the Union address, saying it should pass \u201cwithout delay\u201d so Congress \u201ccannot corruptly profit from using insider information.\u201d<\/p>\n

Yet when Sen. Josh Hawley advanced a version last July that would have extended the ban to the president and vice president\u2014not until 2029, after Trump leaves office\u2014Trump called him a \u201cpawn\u201d playing \u201cright into the dirty hands of the Democrats,\u201d and a \u201csecond-tier Senator.\u201d<\/p>\n

To Painter, this is all familiar. On Jan. 6, 2021\u2014\u201dobviously, there was some other news that day,\u201d he added\u2014he and Indiana University law professor Donna Nagy published a letter to congressional leadership calling for a ban on stock trading by members, the president and the vice president.<\/p>\n

Neither party acted on it; Republicans wanted to avoid embarrassing Trump, while Democrats wanted to avoid embarrassing Nancy Pelosi, whose husband is an active trader.<\/p>\n

The stakes are pretty clear to Painter. \u201cIf the president owns a bunch of oil company stocks, he\u2019s making money if the price of oil goes up,\u201d he said. \u201cSo if he bombs Iran and the price of oil goes up and he owns oil company stocks, he\u2019s making money, and the rest of us are paying for\u00a0 $6 gas.\u201d<\/p>\n

The account bought energy stocks in March.<\/p>\n

\u201cIf it\u2019s like a mutual fund,\u201d Painter said, \u201cwhy not just buy a mutual fund?\u201d<\/p>\n<\/div>\n

#huge #problem #Trump #traded #stocks #Congress #combined<\/p>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump has mad… <\/p>\n","protected":false},"author":1,"featured_media":4924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[113,7975,1387,1435,273,1872,166,812,221,1494,6337,357,300],"class_list":["post-4923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-bonds","tag-charles-schwab","tag-combined","tag-congress","tag-donald-trump","tag-huge","tag-markets","tag-problem","tag-stocks","tag-tech-stocks","tag-traded","tag-trump","tag-white-house"],"yoast_head":"\n'A huge problem': Trump has traded more stocks than all of Congress combined - Finance News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vaultinsider.top\/?p=4923\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"'A huge problem': Trump has traded more stocks than all of Congress combined - 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