Tuberville defends Trump against ‘ridiculous’ insider stock trading claims: ‘I do the same thing’
Tuberville is one of Congress’ most prolific stock traders.
Alabama’s senior senator and one of Congress’ most active stock traders, Tommy Tuberville, is pushing back against criticism surrounding President Donald Trump’s massive stock portfolio. Tuberville, who is the Republican nominee for Alabama governor, dismissed allegations of insider trading as “ridiculous,” noting that he engages in similar financial behavior.
Defending the Portfolio
Speaking with Pablo Manriquez of MeidasTouch, the senator voiced no concerns regarding the more than 3,600 stock trades attributed to Trump in just the first quarter of this year. “I do the same thing,” said Tuberville, who was previously identified by 205focus.com as the Senate’s busiest stock trader. He insisted that his own trading decisions are handled by a financial advisor and that he does not personally monitor the activity. “I never look at my stocks. You give it to someone who knows what they’re doing,” he added.
The scrutiny surrounding Trump’s recent disclosures includes up to $6 million in holdings for Nvidia—a company approved by Trump for sales to China last year, as reported by the Associated Press. Further concerns have been raised regarding Trump’s investments in military suppliers like Lockheed Martin and Northrop Grumman amid the Iran war, despite current laws generally intended to restrict federal employees from holding assets impacted by their own policy decisions.
Ongoing Scrutiny
Tuberville remains undeterred by the controversy. “I’m getting sick and tired of hearing Republicans and Democrats saying we need to stop all this insider trading,” the senator said. “I guarantee you President Trump is not insider trading, I’m not insider trading, and it’s ridiculous people bring that up.”
Tuberville's own financial history has faced consistent scrutiny. From a New York Times analysis highlighting his committee-related trades to reports of “suspicious” Apple trades and $250,000 in commodities futures, his market activity remains a frequent topic of debate. His portfolio has even inspired a “Tuberville Tracker” on the Autopilot investment app, which allows users to mirror his trades.
Reflecting on his stance toward trading bans, Tuberville previously argued that such restrictions would discourage people from public service, famously quipping that if Congress banned the practice, the government should “start sending robots up here.”
The Associated Press contributed to this report.