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The STOCK Act requires officials to disclose stock trades within 30 days of notification — 45 days from the transaction at most. When that deadline passes, the filing is late. The penalty is a $200 fee that is routinely waived.
Troy D Edgar filed every single transaction late. Troy D Edgar: 63 of 63.
Donald J. Trump: 75% (980/1315); Linda McMahon: 98% (153/156); Douglas J Burgum: 83% (103/124); Sean McMaster: 75% (15/20); Robert F Kennedy: 78% (7/9)
Under 5 U.S.C. Section 13106(a), each late filing carries a $200 fee. It's routinely waived. No executive branch official has ever been meaningfully sanctioned for late 278-T filings (Campaign Legal Center). At 1339 late filings, the theoretical maximum penalty is $267,800 — but that assumes one fee per transaction. The actual fee is per report, not per transaction.
| Official | Late | Total | Rate |
|---|---|---|---|
| Donald J. Trump | 980 | 1315 | 75% |
| Linda McMahon | 153 | 156 | 98% |
| Douglas J Burgum | 103 | 124 | 83% |
| Troy D Edgar | 63 | 63 | 100% |
| Sean McMaster | 15 | 20 | 75% |
| Christopher Wright | 11 | 302 | 4% |
| Robert F Kennedy | 7 | 9 | 78% |
| Bryan Bedford | 2 | 76 | 3% |
| John Phelan | 2 | 57 | 4% |
| Frank J Bisignano | 1 | 95 | 1% |
| Todd Blanche | 1 | 15 | 7% |
| Lee Zeldin | 1 | 4 | 25% |
Each 278-T form has a column: "Notification Received Over 30 Days Ago." Officials mark Yes or No. A "Yes" is a self-admission that they reported late. Open Cabinet reads this field directly from the OGE filings.
A 2022 Business Insider investigation found at least 72 members of Congress violated the same deadline. The penalty — $200, routinely waived — has never deterred anyone. No criminal prosecution has ever been brought under the STOCK Act.*
*Sources: Georgetown Law (2021); Campaign Legal Center; Bloomberg Law (2022)
Source: U.S. Office of Government Ethics, 278-T Periodic Transaction Reports. Late filing status is self-reported by filers on each form. Read more about methodology.