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Photo: Win McNamee/Getty Images

A campaign finance watchdog filed a complaint Monday alleging Commerce Secretary Wilbur Ross could have violated the law by holding stock in companies that may have been affected by Trump administration directives.

Why it matters: Add this to the list of questions Ross has faced over his assets — a month ago the U.S. Office of Government Ethics warned him his "actions, including... continued ownership of assets required to be divested in [his] Ethics Agreement and... opening of short sale positions, could have placed [him] in a position to run afoul of the primary criminal conflict of interest law.”

The big picture: Former HHS Secretary Tom Price and former EPA Administrator Scott Pruitt departed the administration after facing months of questions over similar legal and financial issues.

Details:

  • Ross may have violated three laws by delivering false statements and omissions about his holdings in congressional testimony and financial disclosures, the Campaign Legal Center alleges, per CNBC’s Dan Mangan.
  • The stock holdings in question: Invesco, which has acquired a “major” interest in Chinese steel, per the complaint, Greenbrier, "a steel-dependent rail car manufacturer," as well as Air Lease, and Sun Bancorp.
  • The complaint seeks the department’s Office of the Inspector General to open an investigation.
  • "Secretary Ross has not violated any conflict of interest law or regulation,” Ross’ lawyer said, per Mangan.

The Office of Government Ethics previously found they had no evidence to contradict Ross' claims about his holdings — that his failure to sell his stock holdings was "inadvertent."

Go deeper

Updated 35 mins ago - Economy & Business

Student debt getting in the way of millennial homeownership

Illustration: Aïda Amer/Axios

Millennial homeownership is on the rise — but student loan debt is still keeping millions of members of America's largest generation from owning a home.

Why it matters: Buying a house remains the No. 1 way to build wealth in the U.S.

Updated 35 mins ago - World

UK government: Kremlin has plan "to install pro-Russian leadership" in Ukraine

British Foreign Secretary Elizabeth Truss. Photo: Gints Ivuskans / AFP via Getty Images

The United Kingdom's Foreign Secretary on Saturday night said the government has "information that indicates the Russian Government is looking to install a pro-Russian leader in Kyiv as it considers whether to invade and occupy Ukraine."

Driving the news: U.S. National Security Council spokeswoman Emily Horne called the intelligence "deeply concerning" in a statement to Axios. The Biden administration has said Russia is actively manufacturing a pretext for invasion and warned that Putin could use joint military exercises in Belarus as cover to invade from the north.

Most teachers are white. Most students aren't.

Expand chart
Data: U.S. Department of Education, National Center for Education Statistics; Chart: Baidi Wang/Axios

The nation's 6.6 million teacher workforce has grown more racially and ethnically diverse over the past three decades — but not nearly fast enough to keep pace with a student population that's nearing majority-minority in public schools, two new reports show.

Why it matters: The disparities are especially acute between Hispanic students and teachers, and in schools with 90% or higher non-white student populations.