Emanuel E. Zareh
The data on this page comes from a financial disclosure filed by Emanuel E. Zareh, who was picked to be: Senior Advisor, Department of Commerce in May, 2025. It is part of a collection of thousands of ethics documents ProPublica has been collecting from across the Trump administration.
Roles Outside Government
Officials are required to disclose paid or unpaid positions they hold or recently held outside the federal government, including roles as officer, director, trustee or employee. (Form 278e, Part 1)
| Organization | Position held | Endnote | Line No. |
|---|---|---|---|
| Emles Advisors | Advisor, 8/2019 - Present | 1 | |
| Touro University | Adjunct Professor, 1/2023 - Present | Adjunct Professor, seasonal based on semester availability | 2 |
| Zareh Venture | Managing Member, 1/2016 - Present | This is a personal LLC, from which I may make investments, perform consulting work, or sell items. Currently, I do not have any consulting arrangements to report. | 3 |
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. |
|---|---|---|---|---|---|
| Emles Advisors | $25,000 | Salary | 1 | ||
| Touro University | Salary | 2 | |||
| U.S. brokerage A/C 2 | 3 | ||||
| Berkshire Hathaway Inc. (BRKB) | $15,001 - $50,000 | None (or less than $201) | 3.1 | ||
| JPMorgan Chase & Co. (JPM) | $1,001 - $15,000 | None (or less than $201) | 3.2 | ||
| Marriott International, Inc. (MAR) | $1,001 - $15,000 | None (or less than $201) | 3.3 | ||
| Bank of America Corp. (BAC) | $1,001 - $15,000 | None (or less than $201) | 3.4 | ||
| Southwest Airlines Co. (LUV) | $1,001 - $15,000 | None (or less than $201) | 3.5 | ||
| Hilton Worldwide Holdings, Inc. (HLT) | $1,001 - $15,000 | None (or less than $201) | 3.6 | ||
| The Walt Disney Co. (DIS) | $1,001 - $15,000 | None (or less than $201) | 3.7 | ||
| Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA) | $1,001 - $15,000 | None (or less than $201) | 3.8 | ||
| Vanguard Federal Money Market Fund Investor Shares (VMFXX) | $1,001 - $15,000 | None (or less than $201) | 3.9 | ||
| SPDR S&P 500 ETF TRUST (SPY) | $1,001 - $15,000 | None (or less than $201) | 3.10 | ||
| Invesco NASDAQ Next Gen 100 ETF Invesco NASDAQ Next Gen 100 ETF (QQQJ) | $1,001 - $15,000 | None (or less than $201) | 3.11 | ||
| U.S. brokerage cash a/c | $1,001 - $15,000 | None (or less than $201) | 3.12 | ||
| U.S. brokerage A/C 3 | 4 | ||||
| Meta Platforms Inc. Class A Common Stock (META) | $15,001 - $50,000 | None (or less than $201) | 4.1 | ||
| SPDR S&P 500 ETF TRUST (SPY) | $1,001 - $15,000 | None (or less than $201) | 4.2 | ||
| U.S. brokerage a/c cash | None (or less than $1,001) | None (or less than $201) | 4.3 | ||
| iShares 0-3 Month Treasury Bond ETF iShares 0-3 Month Treasury Bond ETF (SGOV) | $1,001 - $15,000 | None (or less than $201) | 4.4 | ||
| U.S. brokerage A/C 4 | 5 | ||||
| U.S. brokerage cash a/c | $1,001 - $15,000 | None (or less than $201) | 5.1 | ||
| U.S. brokerage A/C 5 | 6 | ||||
| Eos Energy Enterprises Inc. Class A Common Stock (EOSE) | $1,001 - $15,000 | None (or less than $201) | 6.1 | ||
| U.S. brokerage A/C 6 | 7 | ||||
| Eos Energy Enterprises Inc. Class A Common Stock (EOSE) | $1,001 - $15,000 | None (or less than $201) | 7.1 | ||
| U.S brokerage A/C 9 | 8 | ||||
| SPDR S&P 500 ETF TRUST (SPY) | $15,001 - $50,000 | None (or less than $201) | 8.1 | ||
| U.S. brokerage A/C 10 | 9 | ||||
| Janus Henderson Research Fund Class D Shares (JNRFX) | $15,001 - $50,000 | None (or less than $201) | 9.1 | ||
| U.S. brokerage A/C 11 | 10 | ||||
| Investment Company of America Class A Shares (AIVSX) | $15,001 - $50,000 | None (or less than $201) | 10.1 | ||
| U.S. brokerage A/C 12 | 11 | ||||
| FIDELITY LARGE CAP GROWTH INDEX FUND (FSPGX) | $15,001 - $50,000 | None (or less than $201) | 11.1 | ||
| U.S. brokerage A/C 13 | 12 | ||||
| Principal LargeCap S&P 500 Index Fund Class A Shares (PLSAX) | $1,001 - $15,000 | None (or less than $201) | 12.1 | ||
| U.S. brokerage A/C 14 | 13 | ||||
| Alphabet, Inc. (GOOG) | $15,001 - $50,000 | None (or less than $201) | 13.1 | ||
| Turtle Beach Corp (TBCH) | $15,001 - $50,000 | None (or less than $201) | Turtle Beach Corp | 13.2 | |
| Zareh Venture, , To the best of my knowledge: real estate deals & commitment to a PE fund (value not readily ascertainable) | $201 - $1,000 | Dividends Interest Capital Gains Rent or Royalties | 14 | ||
| Microsoft Corp. (MSFT) | $15,001 - $50,000 | None (or less than $201) | 15 | ||
| Invesco NASDAQ Next Gen 100 ETF Invesco NASDAQ Next Gen 100 ETF (QQQJ) | $15,001 - $50,000 | None (or less than $201) | 16 | ||
| Alphabet, Inc. (GOOG) | $15,001 - $50,000 | None (or less than $201) | 17 | ||
| Sable Offshore (SOC) | $15,001 - $50,000 | None (or less than $201) | 18 | ||
| Meta Platforms Inc. Class A Common Stock (META) | $15,001 - $50,000 | None (or less than $201) | 19 | ||
| Fidelity Utilities Portfolio (FSUTX) | None (or less than $1,001) | None (or less than $201) | 20 | ||
| Moody's Corp. (MCO) | $15,001 - $50,000 | None (or less than $201) | 21 | ||
| Willscott Corp (WSC) | $15,001 - $50,000 | None (or less than $201) | 22 | ||
| Boeing CO (BA) | $1,001 - $15,000 | None (or less than $201) | 23 | ||
| Walmart, Inc. (WMT) | $1,001 - $15,000 | None (or less than $201) | 24 | ||
| U.S. Brokerage A/C 1 | 25 | ||||
| Alphabet, Inc. (GOOG) | $15,001 - $50,000 | None (or less than $201) | 25.1 | ||
| ISHARES SELECT DIVIDEND ETF (DVY) | $1,001 - $15,000 | None (or less than $201) | 25.2 | ||
| Raytheon Technologies Corporation Common Stock (RTX) | $1,001 - $15,000 | None (or less than $201) | 25.3 | ||
| Chevron Corp. (CVX) | $1,001 - $15,000 | None (or less than $201) | 25.4 | ||
| Las Vegas Sands Corp. (LVS) | $1,001 - $15,000 | None (or less than $201) | 25.5 | ||
| Vulcan Materials Co. (VMC) | $1,001 - $15,000 | None (or less than $201) | 25.6 | ||
| Salesforce.com, inc. (CRM) | $1,001 - $15,000 | None (or less than $201) | 25.7 | ||
| Carnival Corp. (CCL) | $1,001 - $15,000 | None (or less than $201) | 25.8 | ||
| Texas Pacific Land Corporation Common Stock (TPL) | $1,001 - $15,000 | None (or less than $201) | 25.9 | ||
| MGM RESORTS INTERNATIONAL (MGM) | $1,001 - $15,000 | None (or less than $201) | 25.10 | ||
| Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA) | $1,001 - $15,000 | None (or less than $201) | 25.11 | ||
| SPDR S&P 500 ETF TRUST (SPY) | $1,001 - $15,000 | None (or less than $201) | 25.12 | ||
| U.S. brokerage cash a/c | None (or less than $1,001) | None (or less than $201) | 25.13 | ||
| Martin Marietta Materials, Inc. (MLM) | $1,001 - $15,000 | None (or less than $201) | 25.14 |
Employment Agreements
Officials are required to disclose agreements relating to other jobs, including what will happen with any small businesses they own during government service and any continued health care coverage, planned leaves of absence, severance or bonuses. (Form 278e, Part 3)
| Organization | Agreement | Endnote | Line No. |
|---|---|---|---|
| Emles Advisors | Healthcare coverage (2019-08-01) | 1 | |
| Touro University | TBD if I teach next semester and / or supervise an independent study. I get paid $4K per each course I teach and $500 per each independent study I supervise. I anticipate teaching one course in Fall 2025 but this is TBD. (2023-01-01) | 2 | |
| Zareh Venture | I am the sole member of this LLC.I have made or committed to investments (a commitment was to a PE fund, capital has not been called). This LLC is used for consulting and occasional investments with my personal capital in real estate, private deals, & funds. The arrangement start date is an estimate and I am unclear on its significance. I’d like to discuss the other questions listed below. The LLC’s bank account receives rent and distributions, but those investments are owned personally. (2024-05-01) | 3 |
Compensation
Officials are required to disclose the sources of any compensation above $5,000 in a year. (Form 278e, Part 4)
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 brokerage A/C 1 | 1 | ||||
| Apple, Inc. (AAPL) | $15,001 - $50,000 | None (or less than $201) | 1.1 | ||
| PowerFleet Inc. Common Stock (PWFL) - The ticker is AIOT | $1,001 - $15,000 | None (or less than $201) | 1.2 | ||
| Amazon.com, Inc. (AMZN) | $15,001 - $50,000 | None (or less than $201) | 1.3 | ||
| Alphabet, Inc. (GOOG) - The correct ticker is GOOGL | $15,001 - $50,000 | None (or less than $201) | 1.4 | ||
| Meta Platforms Inc. Class A Common Stock (META) | $15,001 - $50,000 | None (or less than $201) | 1.5 | ||
| QXO - Ticker QXO | $1,001 - $15,000 | None (or less than $201) | 1.6 | ||
| Morgan Stanley - Ticker MS | $15,001 - $50,000 | None (or less than $201) | 1.7 | ||
| PureCycle Technologies Inc. Warrant (PCTTW) | $1,001 - $15,000 | None (or less than $201) | 1.8 | ||
| Rocket Lab USA Inc. Common Stock (RKLB) | $50,001 - $100K | None (or less than $201) | 1.9 | ||
| Sable Offshore - Ticker SOC | $15,001 - $50,000 | None (or less than $201) | 1.10 | ||
| Invesco NASDAQ Next Gen 100 ETF Invesco NASDAQ Next Gen 100 ETF (QQQJ) | $15,001 - $50,000 | None (or less than $201) | 1.11 | ||
| SPDR S&P 500 ETF TRUST (SPY) | $15,001 - $50,000 | None (or less than $201) | 1.12 | ||
| Proshares Ultra Gold (UGL) | $1,001 - $15,000 | None (or less than $201) | 1.13 | ||
| U.S. brokerage A/C 2 | 2 | ||||
| Invesco NASDAQ Next Gen 100 ETF Invesco NASDAQ Next Gen 100 ETF (QQQJ) | $1,001 - $15,000 | None (or less than $201) | 2.1 | ||
| SPDR S&P 500 ETF TRUST (SPY) | $15,001 - $50,000 | None (or less than $201) | 2.2 | ||
| Schwab Value Advantage Money Fund Investor Class Shares (SWVXX) | $100K - $250K | None (or less than $201) | 2.3 | ||
| U.S. brokerage money market account (cash) - Cash that is not invested | None (or less than $1,001) | None (or less than $201) | 2.4 | ||
| Brokerage account 3 | 3 | ||||
| SPDR S&P 500 ETF TRUST (SPY) | $15,001 - $50,000 | None (or less than $201) | 3.1 | ||
| iShares 0-3 Month Treasury Bond ETF iShares 0-3 Month Treasury Bond ETF (SGOV) | $15,001 - $50,000 | None (or less than $201) | 3.2 | ||
| Invesco QQQ Trust, Series 1 (QQQ) | $15,001 - $50,000 | None (or less than $201) | 3.3 | ||
| INVESCO S&P 500 EQUAL WEIGHT ETF (RSP) | $1,001 - $15,000 | None (or less than $201) | 3.4 | ||
| ISHARES SELECT DIVIDEND ETF (DVY) | $1,001 - $15,000 | None (or less than $201) | 3.5 | ||
| Vanguard Federal Money Market Fund Investor Shares (VMFXX) | $1,001 - $15,000 | None (or less than $201) | 3.6 | ||
| U.S. Brokerage Money Market Account (cash) | $1,001 - $15,000 | None (or less than $201) | 3.7 | ||
| U.S. brokerage A/C 4 | 4 | ||||
| Eos Energy Enterprises Inc. Class A Common Stock (EOSE) | None (or less than $1,001) | None (or less than $201) | 4.1 | ||
| MLS Feeder LLC | $50,001 - $100K | None (or less than $201) | Interest | This is a private investment. This LLC invested into a private fund called FocusGrowth. I am an LP in MLS Feeder | 5 |
| MFG Partners Mellott Fund C LLC | $15,001 - $50,000 | None (or less than $201) | Investment in a direct private deal | 6 | |
| MFG Partners A-Z FUND B, LLC | $15,001 - $50,000 | None (or less than $201) | Direct investment in a private deal | 7 | |
| FSP Monto LLC | $1,001 - $15,000 | None (or less than $201) | This LLC made an investment in a early stage company named Monto | 8 | |
| CWP Bettendorf LLC | $15,001 - $50,000 | None (or less than $201) | Direct real estate investment | 9 | |
| CWP Forth Smith LLC | $50,001 - $100K | None (or less than $201) | 10 | ||
| Property in Mobile, AL | $50,001 - $100K | None (or less than $201) | Rent or Royalties | 11 | |
| US treasuries | $500K - $1M | $15,001 - $50,000 | Interest | 4 week, 6 week, 8 week and 13 week US treasuries | 12 |
| U.S. Bank #1 (Cash) | $15,001 - $50,000 | None (or less than $201) | 13 | ||
| U.S. Bank #2 (Cash) | $1,001 - $15,000 | None (or less than $201) | 14 | ||
| U.S. Bank #3 (Cash) | $15,001 - $50,000 | None (or less than $201) | 15 | ||
| U.S. Bank #4 (Cash) | $1,001 - $15,000 | None (or less than $201) | 16 | ||
| HOPS-TN-3 LLC | $15,001 - $50,000 | None (or less than $201) | Interest | Investment in a private real estate deal | 17 |
| U.S. bank (cash) #5 | $1,001 - $15,000 | None (or less than $201) | 18 |
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. |
|---|---|---|---|
| CENLAR | type: Mortgage (investment/rent al property), amount: $50,001 - $100,000, year-incurred: 2021, rate: 4.125%, term: 30 year conventional | 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.
