Treasury Secretary Scott Bessent's finances were reviewed by the inspector general after he incorrectly listed at least $100,000 of JPMorgan stock, owned by his husband, as cash on his financial disclosure form. The error was caught last July, prompting divestment and a $200 late fee, according to a note by ethics official Mark Vetter, who said the holding was "inadvertently reported" as cash instead of equity. This marks the second time this term that Mr. Bessent failed to comply with divestment requirements for cabinet officials.

Last August, the ethics office flagged his delinquency in selling thousands of acres of North Dakota soybean farmland, a potential conflict given his role in trade talks with China involving soybean purchases. He divested those holdings in December after requesting an extension. While his husband, John Freeman, former assistant district attorney and general counsel of Bessent Capital, posed no direct conflict, Mr. Bessent does hold significant influence over the financial sector.

The Office of Inspector General found no "knowing violation" of the Ethics in Government Act. The Treasury Department did not respond to requests for comment.