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Transportation Secretary's Stock Sale Sparks Insider Trading Controversy

5/20/2025

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Summary

Story summary

Transportation Secretary Sean Duffy made a controversial move by selling stocks worth $75,000 to $600,000 just two days before President Trump unveiled new tariffs on April 2. While Duffy insists an outside manager executed the trades, ethics experts are raising eyebrows over possible insider trading, especially as his sales preceded a major market downturn.

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Story summary

Transportation Secretary Sean Duffy made a controversial move by selling stocks worth $75,000 to $600,000 just two days before President Trump unveiled new tariffs on April 2. While Duffy insists an outside manager executed the trades, ethics experts are raising eyebrows over possible insider trading, especially as his sales preceded a major market downturn.