Can a transaction worth tens of millions of dollars take months to settle? Are federal ethical regulations just paper?

ME News May 15 (UTC+8) reports that U.S. President Trump did not disclose stock trades worth tens of millions of dollars involving companies such as Microsoft and Amazon within the legal deadline, delaying disclosure by several months. The trades involve multiple large technology and financial stocks, indicating an asset management scale reaching tens of millions of dollars, raising concerns about whether he complies with federal financial disclosure regulations. According to the Office of Government Ethics, federal officials are required to report significant financial transactions within the deadline, but in practice, there have been delays and relatively light penalties.