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Pam Bondi’s Trump Media Stock Sale Raises Ethics and Insider Trading Questions

Attorney General Pam Bondi sold millions in Trump Media shares on April 2, the same day President Trump announced tariffs, but disclosure forms omit key timing details.

Attorney General Pam Bondi speaks during a news conference at the Department of Justice, Wednesday, May 7, 2025, in Washington.
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Overview

  • Bondi sold between $1 million and $5 million in Trump Media shares and $250,000 to $500,000 in warrants on April 2, 2025, the day Trump unveiled his 'Liberation Day' tariffs.
  • President Trump’s tariff announcement, made after markets closed on April 2, caused Trump Media stock to drop 13% in the following days before partially recovering.
  • Bondi’s financial disclosures do not specify whether her stock sales occurred before or after the market closed, leaving the timing unclear.
  • Legal experts note insider trading laws are narrowly defined, and it remains uncertain whether Bondi had access to nonpublic tariff details prior to her trades.
  • Under her ethics agreement, Bondi was required to divest her Trump Media holdings by early May, but the timing of her sale has drawn scrutiny.