Louis E. Sola
The data on this page comes from a financial disclosure filed by Louis E. Sola, who was picked to be: Chairman, Federal Maritime Commission. It is part of a collection of thousands of ethics documents ProPublica has been collecting from across the Trump administration.
Employment Assets
Officials are required to disclose assets associated with their employment, including salary, retirement accounts, stocks, intellectual property and awards or prizes. (Form 278e, Part 2)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| IRA #1 | 1 | ||||
| US brokerage account (cash) | $1,001 - $15,000 | None (or less than $201) | 1.1 | ||
| Proshares Ultra QQQ (QLD) | $15,001 - $50,000 | None (or less than $201) | 1.2 | ||
| Global X Nasdaq 100 Covered Call & Growth ETF Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) | $15,001 - $50,000 | $201 - $1,000 | 1.3 | ||
| Vanguard High Dividend Yield Index Fund ETF Shares (VYM) | $15,001 - $50,000 | $1,001 - $2,500 | 1.4 | ||
| IRA #2 | 2 | ||||
| US Cash Savings Account | $1,001 - $15,000 | None (or less than $201) | 2.1 | ||
| Janus Henderson Growth & Income Fund Class D Shares (JNGIX) | $1,001 - $15,000 | None (or less than $201) | 3 | ||
| HSA | 4 | ||||
| ishares US Financial Services ETF (IYG) | None (or less than $1,001) | None (or less than $201) | 4.1 |
Other Assets and Income
Officials are required to disclose other assets and sources of investment income belonging to them, their spouse or their dependent children. These include annuities, bonds, cash, college savings plans, farms, precious metals, real estate, stocks, trusts and wills. (Form 278e, Part 6)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| U.S. bank account #1 (cash) - | $1,001 - $15,000 | None (or less than $201) | 1 | ||
| U.S. bank Account #2 (cash) | $1,001 - $15,000 | None (or less than $201) | 2 | ||
| US bank account #3 (cash) | $1,001 - $15,000 | None (or less than $201) | 3 | ||
| US bank account #4 ( cash) | $1,001 - $15,000 | None (or less than $201) | 4 | ||
| Personal loan to family member | $1M - $5M | None (or less than $201) | 5 | ||
| Personal loan to family member | $1M - $5M | None (or less than $201) | 6 | ||
| brokerage account #1 | 7 | ||||
| Money Market Treasury Trust | None (or less than $1,001) | None (or less than $201) | 7.1 | ||
| brokerage account #2 | 8 | ||||
| Proshares Ultra QQQ (QLD) | $50,001 - $100K | None (or less than $201) | 8.1 | ||
| Global X Nasdaq 100 Covered Call & Growth ETF Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) | $1,001 - $15,000 | None (or less than $201) | 8.2 | ||
| Global X NASDAQ 100 Covered Call ETF (QYLD) | $50,001 - $100K | $1,001 - $2,500 | 8.3 |
Liabilities
Officials are required to disclose their liabilities totaling more than $10,000, as well as any linked to their spouse or dependent children. These include mortgages, credit card debt and student loans. The interest rates and loan repayment terms are also required. (Form 278e, Part 8)
| Creditor | Description | Endnote | Line No. |
|---|---|---|---|
| BCT Bank International | type: Mortgage (investment/rent al property), amount: $250,001 - $500,000, year-incurred: 2012, rate: 5.99, term: 20 years | Filer is the guarantor of this mortgage. | 1 |
About the Data
Most political appointees and senior officials in the executive branch are required by law to file public financial disclosure reports. These are documents that detail their financial holdings, positions they hold outside government, their spouse’s holdings, their liabilities and their recent financial transactions (such as buying or selling stock) during a defined reporting period.
The most senior officials file their disclosures with an agency called the Office of Government Ethics, and others file them with a designated ethics official within their agency. The Ethics in Government Act allows members of the public and the press to request these documents.
We’re publishing this information to give the public an important glimpse into the financial ties of a powerful and often hidden cadre of presidential appointees within the federal bureaucracy.
The main document type included in the database is the OGE Form 278e, which appointees must file when they are nominated (for Senate-confirmed appointees) or when they enter government (all others), and then annually while in the position. Another common document included is the OGE Form 278-T, also known as a periodic transaction report, which all public filers must submit within 30 days of a transaction. We are also making other ethics documents available, such as ethics agreements, certificates of divestiture and other documents we have obtained under the Ethics in Government Act.
