Commerce Secretary Wilbur Ross didn't divest stock holdings until months after the deadline imposed by his new federal position. During that time, his stock's value increased by more than $1 million, a Center for Public Integrity investigation found on Thursday.
Ross "mistakenly believed that all of my previously held Invesco stock was sold" before he took office, he wrote in a filing update. "In December 2017, I discovered that the previously held stock had not been sold. I then promptly sold these shares." It's unclear how many shares Ross owned, but the investigation estimates that he could have earned up to $6 million after failing to meet the deadline.
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