Stock market activity linked to President Donald Trump's investment accounts came under scrutiny again after a CBS News investigation revealed that 3,642 financial transactions were made in just three months, an unprecedented number for a sitting president. According to records filed with the Office of Government Ethics (OGE), accounts associated with the president made 2,346 purchases and 1,296 sales of stocks and other securities between January 6 and March 30, 2026. The total value of the operations ranged between $212 and $695 million, because federal forms report ranges and not exact amounts. The magnitude of these operations has raised questions among government ethics experts and Democratic legislators, who warn of possible conflicts of interest because Trump continues to serve as President while maintaining an active investment portfolio.

The operations that attract attention

According to the analysis of the aforementioned media, the transactions involved more than 1,000 companies and investment funds, including technology giants such as Microsoft, Amazon, Meta, Netflix, Oracle and AMD. One of the aspects that caught the most attention was the timing of some operations. For example, accounts linked to the president bought Nvidia shares before the administration relaxed export restrictions on the company's artificial intelligence chips. Investments were also reported in Palantir Technologies and the pharmaceutical company Eli Lilly, companies that later benefited from decisions or public statements by the administration. Democratic Senator Elizabeth Warren called for an investigation into whether there was any improper use of inside information. "The president is enriching himself by taking advantage of his position," she said during a hearing on Capitol Hill, where pressured Treasury Secretary Scott Bessent to open a formal investigation.

Experts offer different explanations

Not all the specialists consulted agree that there is evidence of irregularities. David Salem, portfolio manager at Hedgeye Asset Management, explained to CBS News that the high volume of operations could respond to a strategy known as tax loss compensation, used by high-net-worth investors to reduce their tax burden. According to Salem, many of the transactions appear to be part of a direct indexing strategy, an automated system that replicates stock indices by constantly buying and selling individual stocks. However, other experts did not find an explanation so clear Eric Diton, executive director of the Wealth Alliance firm, assured that he had never observed a similar level of activity. “I can't find any justification for such a volume of operations,” he declared. “Thousands of operations in a quarter is something extraordinary.”

Debate on presidential transparency

The Trump Organization rejected any suggestion of a conflict of interest and assured that neither the president nor his family participate in investment decisions. “Neither President Trump, his family nor the Trump Organization play any role in the selection, direction or approval of specific investments,” the company said in a statement cited by the same media. Although the purchase and sale of shares by a president is not illegal, public ethics specialists warn that the situation raises questions about the influence that government decisions, official announcements or publications on social networks may have on the value of certain companies.