On November 10, US Democratic Senators Elizabeth Warren and Jeff Merkley sent a letter to White House Legal Counsel Will Schaff requesting that the White House explain whether measures have been taken to prevent staff from using insider information to predict market profits, and to investigate whether other White House employees are involved in similar transactions. Two senators asked the White House to disclose whether it has conducted an internal investigation, provided relevant compliance training to employees, and whether it had communicated with federal regulators or prosecutors about the case, and requested a response by November 23. The White House responded that the current federal code of ethics prohibits employees from using non-public information obtained during official duties to predict market transactions or seek private benefits, but it does not specify whether employees' related trading activities are being reviewed.

Zhitongcaijing · 2d ago
On November 10, US Democratic Senators Elizabeth Warren and Jeff Merkley sent a letter to White House Legal Counsel Will Schaff requesting that the White House explain whether measures have been taken to prevent staff from using insider information to predict market profits, and to investigate whether other White House employees are involved in similar transactions. Two senators asked the White House to disclose whether it has conducted an internal investigation, provided relevant compliance training to employees, and whether it had communicated with federal regulators or prosecutors about the case, and requested a response by November 23. The White House responded that the current federal code of ethics prohibits employees from using non-public information obtained during official duties to predict market transactions or seek private benefits, but it does not specify whether employees' related trading activities are being reviewed.