Commerce Secretary Ross admits lapses in asset reporting after warning


WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross on Thursday admitted ethical lapses in reporting on his financial assets and said he would sell all of his remaining stocks after a federal ethics agency warned of the “potential for a serious criminal violation.”

FILE PHOTO: FILE PHOTO: U.S. Commerce Secretary Wilbur Ross testifies before a Senate Finance hearing on “Current and Proposed Tariff Actions Administered by the Department of Commerce” on Capitol Hill in Washington, U.S., June 20, 2018. REUTERS/Kevin Lamarque

In January 2017, Ross pledged to sell his stake…



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