Ross Warned of Potential Criminal Violation

Commerce Secretary Wilbur Ross “said he would sell all of his remaining stock holdings after the Office of Government Ethics faulted him for continuing to maintain investments — and enter into new ones — that he was required to divest,” the New York Times reports.

“In a strongly worded letter, the ethics office said Mr. Ross’s continued ownership of assets that his ethics agreement required him to divest — and his decision to open short sale positions while serving as Commerce secretary — could have placed him in position to violate criminal conflict of interest laws.”