Nancy Pelosi caught heat for $59M in trades over 3 years. Trump just disclosed up to $750M in 3 months.
Nancy Pelosi disclosed about $59 million in trades over three years, which inspired a Senate bill bearing her name. But President Donald Trump disclosed up to $750 million in three months and only paid a $200 fine.
I may be wrong but I don't think that Trump is actually doing it. I think that Trump has "outsourced" the trading to someone else during his presidency. So the trading is independent and not insider trading. Also, I don't know how much of the money really belongs to Trump. It may be in trust.
If you are a $billionaire, it is difficult not to make money even if you become a POTUS. You could be made to sell your home, businesses, shares etc and put the money into a bank but even then, the money would earn interest.
Trump outsourcing his own trading makes a lot of sense here
I have IRAs managed by a financial investment company. I have no idea what stocks they are buying or selling in advance of the transactions...and I don't care. They don't ask me what I know and I don't tell them anything (and I'm as ignorant as a cuckoo clock). So, if I make money, that makes me a crook?