U.S. Commerce Secretary Ross says he will sell all his equities

WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross said he would sell all of his remaining equity holdings and buy U.S. Treasuries after receiving a letter on Thursday from the federal ethics agency criticizing his asset reporting.

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

“To maintain the public trust, I have directed that all of my equity holdings be sold and the proceeds placed in U.S. Treasury securities,” Ross said in a statement. 

Reporting by Eric Walsh; Editing by Toni Reinhold