Warren Buffett Allegedly Traded Personal Stocks In Companies Invested By Berkshire Hathaway; Potential Violation of Ethics Policies Raises Concerns

Leaked IRS data reveals suspicious trading involving Wells Fargo, JPMorgan, and Johnson & Johnson by Buffett, with allegations directly contrasting his claim of not trading stocks that Berkshire Hathaway is dealing in; Buffett remains unresponsive to these claims.

Leaked IRS data suggests that Warren Buffett, CEO of Berkshire Hathaway, may have traded stocks personally in companies Berkshire Hathaway is invested in, potentially violating his own company’s ethics policies.
On at least three occasions, Buffett allegedly sold stocks in his personal account that Berkshire was also trading. Transactions involved shares from notable companies such as Wells Fargo, JPMorgan, and Johnson & Johnson.
In 2009, after publicly praising Wells Fargo, a Berkshire Hathaway holding, shares of the bank went up by 13%. On the same day, Buffett reportedly sold $20 million in Wells Fargo stock from his personal account.
Buffett also reportedly sold $35 million in Johnson & Johnson shares in October 2012, the same quarter that Berkshire Hathaway disclosed it had sold shares of the company. This may be against Berkshire Hathaway’s policy that prohibits employees from trading a stock before a public disclosure from Berkshire of alterations in position.
Buffett is yet to respond to these allegations. This situation may harm the reputation of the respected investor, who is known for strong ethics and has consistently argued against risking reputation for profit in stock trading.