Failed Sen­ate hope­ful David Trone reveals up to $97 mil­lion in trades of gov­ern­ment secu­ri­ties

Rep. David Trone (D‑MD), who lost the Demo­c­ra­t­ic Mary­land Sen­ate pri­ma­ry Tues­day by a wide mar­gin, sub­mit­ted a finan­cial dis­clo­sure Wednes­day list­ing buys and sells of up to rough­ly $97 mil­lion last year in U.S. Trea­sury bills.
The sprawl­ing trades list­ed on the finan­cial dis­clo­sure were sub-hold­ings of Trone’s joint JPMor­gan invest­ment account. The fil­ing, which was pub­lished by the House, also list­ed up to $100,000 in shares of Pep­si­Co that Trone’s spouse sold in Novem­ber 2023 through a sep­a­rate trust. Trea­sury bills, which are issued by the U.S. gov­ern­ment, are short-term debt oblig­a­tions that help the gov­ern­ment fund pub­lic projects such as the con­struc­tion of high­ways.
Trone doesn’t appear to have skirt­ed fed­er­al rules over dis­clos­ing the trades of …