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US Commerce Secretary Wilbur Ross says he will sell all of his stocks [CNBC]

COMCAST (CMCSA)  More Company Research Source: CNBC
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PDF Andrew Harrer | Bloomberg | Getty Images Wilbur Ross, U.S. commerce secretary U.S. Commerce Secretary Wilbur Ross said in a statement Thursday evening that he would be selling all of his equity holdings and buying Treasury securities with the proceeds. The financial holdings of Ross came under scrutiny in recent months. Last November, he told the U.S. Office of Government Ethics in writing that he had divested every holding he had promised to do — but that didn't turn out to be true, according to a Forbes.com article in June. There're also media reports that revealed that Ross held, or had held, stakes in companies whose fortunes could be affected by U.S. trade policy decisions, with which Ross is intimately involved. Among his controversial holdings were stakes in companies co-owned by China's government, a shipping firm linked to Russians that he short sold days before his ties to it were exposed. He also held more than $10 mil [Read more]

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