Lawmaker alleges Trump "stock pumping" of Dell, urges ban on officials owning individual stocks
June 15, 2026 | Senate Committee on Appropriations, Senate Committees, U.S. Senate, Legislative, Federal
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A lawmaker speaking in the transcript accused former President Donald Trump of using public statements to boost stocks he or his trust held and urged a ban on officials owning individual stocks.
The lawmaker said Trump bought "up to $5 million" of Dell stock on Feb. 10 and, over the next three months, publicly promoted Dell products — quoting repeated exhortations such as, "Now, go out and buy a Dell computer." The speaker tied that promotion to a later, taxpayer-funded Pentagon contract they described as worth $10 billion and said Dell’s stock rose after the award.
The speaker also said Trump’s trust made about 3,700 trades this year and presented the pattern as: buy a stock, promote it publicly, the stock rises and profit follows. "Using the government in that fashion is record-setting corruption," the lawmaker said. The speaker framed the remarks as part of a long-running push: they said they have "led the charge to ban elected officials from buying and selling individual stocks since 2012." "Now is the time to put an end to this self-dealing once and for all," they added.
The transcript contains these claims but does not include any response from Donald Trump, Dell, or the Department of Defense or details that independently verify the purchase, contract size or the trade tally. The amounts and counts appear as allegations made by the lawmaker in the recorded remarks and are reported here as such.
The speaker did not identify themselves by name in the transcript. The transcript also does not record a formal motion, vote, or any referral to an ethics committee or oversight body; it is a statement of accusation and a call for legislative reform.
Next steps were not recorded in the transcript: no agency statement, investigative referral, or additional documentation was provided there.
The lawmaker said Trump bought "up to $5 million" of Dell stock on Feb. 10 and, over the next three months, publicly promoted Dell products — quoting repeated exhortations such as, "Now, go out and buy a Dell computer." The speaker tied that promotion to a later, taxpayer-funded Pentagon contract they described as worth $10 billion and said Dell’s stock rose after the award.
The speaker also said Trump’s trust made about 3,700 trades this year and presented the pattern as: buy a stock, promote it publicly, the stock rises and profit follows. "Using the government in that fashion is record-setting corruption," the lawmaker said. The speaker framed the remarks as part of a long-running push: they said they have "led the charge to ban elected officials from buying and selling individual stocks since 2012." "Now is the time to put an end to this self-dealing once and for all," they added.
The transcript contains these claims but does not include any response from Donald Trump, Dell, or the Department of Defense or details that independently verify the purchase, contract size or the trade tally. The amounts and counts appear as allegations made by the lawmaker in the recorded remarks and are reported here as such.
The speaker did not identify themselves by name in the transcript. The transcript also does not record a formal motion, vote, or any referral to an ethics committee or oversight body; it is a statement of accusation and a call for legislative reform.
Next steps were not recorded in the transcript: no agency statement, investigative referral, or additional documentation was provided there.
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