Bessent failed to report JPMorgan stock holdings
The gist
Bessent failed to disclose $100,000 of his husband's JPMorgan stock, triggering an inspector general review.
The Treasury secretary's second divestment slip puts his ethics compliance back in the spotlight.
How it unfolded
- Jul 2025Officials discovered the error in Bessent's disclosure of his husband's JPMorgan stock.
- Jul 14, 2025After Bessent learned of the error, his spouse sold the shares for between $100,001 and $250,000.
- Jul 2025The funds were divested after the error was caught, and Bessent paid a $200 late fee because the mistake was not reported in a timely manner.