Arabic version: ديمقراطيون يطلبون تفاصيل بشأن صفقات ترامب للأسهم
According to Cnbc, Sen. Elizabeth Warren, D-Mass., and Rep. Robert Garcia, D-Calif., have asked President Donald Trump to identify the money managers directing his investments and explain his involvement in stock trades reported in his name. Their 17-page letter, sent Wednesday, also asks about trades that they say may overlap with government policy or market-moving statements by Trump.
Warren and Garcia wrote that the appearance of conflicts of interest from a president trading individual stocks could undermine public trust. They said they are seeking responses to inform work on potential legislation that would ban presidents from owning individual stocks. Presidents are allowed to trade securities but are legally required to report transactions. The lawmakers asked Trump to respond by Aug. 28.
The letter focuses largely on more than 3,500 trades reported during the first three months of 2026. The lawmakers said the accounts made an average of about 50 trades on every day markets were open in the first quarter. They highlighted 15 instances in which they said Trump bought shares before official announcements favorable to the companies, including Nvidia and Advanced Micro Devices purchases on Jan. 6 before the administration announced loosened export controls. They also cited a Feb. 10 purchase of Axon Enterprises stock before Immigration and Customs Enforcement unveiled a $220 million Taser contract.
Trump has said he does not speak to the institutions managing his money. CNBC previously linked JPMorgan Chase, Charles Schwab, UBS and Stephens Inc. to at least four of eight investment accounts listed in his 2025 disclosure, though a full list of managers has not been disclosed. Trump has placed much of his wealth in a revocable trust with Donald Trump Jr. as sole trustee. The White House denied conflicts of interest, while the Trump Organization called the letter a baseless political stunt and cited Charles Schwab CEO Rick Wurster’s description of discretionary management by professional money managers.
