Commerce Secretary Wilbur Ross says he will sell all his equity holdings after a government ethics office noted inaccuracies and omissions in his financial disclosure reports.
Ross says in a statement issued Thursday night that he "made inadvertent errors in completing the divestitures required by my ethics agreement."
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He says he "worked diligently with my department's ethics officials to make sure I avoided any conflicts of interest."
However, the Office of Government Ethics sent Ross a letter Thursday noting that he continued to own assets which could lead to such conflicts.
Ross' statement in response says, "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."