President Donald Trump is so wealthy he doesn’t need to trade stocks himself, argued Vice President JD Vance, after the President’s ethics report last week revealed a flurry of stock trading in an account held in Trump’s name.
During an hour-long press conference Tuesday, Vance defended Trump, following criticism that emerged last week about stock trades made by the President’s account during the first quarter. The account made about 3,700 stock trades in the first three months of the year, according to a report by the Office of Government Ethics. In some cases the manager of the account purchased shares from companies that the President subsequently lauded at events or on social media.
