Washington, D.C. — Rep. Robert Garcia, Ranking Member of the Committee on Oversight and Government Reform, and Senator Elizabeth Warren (D-MA), pressed President Donald Trump on his recent financial disclosures, which reveal 3,555 individual stock trades worth up to half a billion dollars in just the first three months of 2026 and more than 14,000 stock trades worth up to $1.06 billion during Trump’s first year in office. It is unacceptable for any public official in Congress or the Executive branch to use their office to profit from insider information.
“The sheer volume of this trading activity and the timing of a number of transactions, raise questions about whether you are using your knowledge of government activities, your official authority, or the vast megaphone provided by the Presidency to make investments or move markets to your personal benefit—and about whether you have been making decisions that boost your portfolio at the expense of taxpayers, the economy, and national security,” wrote the lawmakers.
The lawmakers also noted that Trump traded stock in companies amidst federal government activity affecting those very companies or sectors. For example, in 2025, Trump made 29 trades of GEO Group and CoreCivic stock worth up to $990,000. These two private prison companies have made record profits, benefitting massively from Trump’s immigration enforcement policies.
“The appearance of numerous conflicts of interest from a President trading in individual stocks – including the potential for insider trading, market manipulation, and policy decisions that benefit the President’s stock portfolio rather than the public interest – undermines public trust in government,” wrote the lawmakers.
In August 2026, Ranking Member Robert Garcia, Senator Elizabeth Warren, Senator Richard Blumenthal, Ranking Member of the Senate Permanent Subcommittee on Investigations (PSI), and Senator Tammy Duckworth, asked for an investigation of recent reports of $3.2 billion in government awards flowing to over a dozen companies with ties to President Trump’s sons.
In May 2026, Ranking Member Robert Garcia sent a letter to Department of Defense Inspector General Platte B. Moring III demanding an investigation into whether corporations are using the Trump family as a conduit into the Pentagon to turn insider access into lucrative defense contracts.
Ranking Member Garcia also believes in transparency and accountability for Members of Congress. He is an original co-sponsor of the TRUST in Congress Act, which would require Members of Congress, their spouses, and dependent children to put certain investment assets into a qualified blind trust during their tenure in Congress, effectively banning them from trading individual stocks. This way, Members of Congress would be unable to use their positions to inform investment decisions, influence the value of their existing investments, or contribute to greater distrust between the American people and their elected officials.
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