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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Media CEO begs congressional Republicans to investigate short sellers
Trump Media CEO Devin Nunes is begging his former GOP colleagues in Congress to investigate DJT short sellers.
In the Tuesday letter to Congressmen Gym Jordan (R-OH), Patrick McHenry (R-NC), and other top committee chairs, Nunes asked the House of Representatives to look into allegations of illegal naked short selling, a practice where a stock is shorted without borrowing the asset.
We assess there are strong indications of unlawful manipulation of DJT stock, Nunes said in the letter, which was filed with federal regulators. I respectfully request that you open an investigation of anomalous trading of DJT to determine its extent and purpose, and whether any laws including RICO statutes and tax evasion laws were violated.
Nunes previously asked the CEO of the NASDAQ exchange for a crackdown on what he called potential market manipulation by major Wall Street players, including Citadel Securities, who did not take the accusations kindly.
https://www.salon.com/2024/04/24/media-ceo-begs-congressional-to-investigate-short-sellers/
dutch777
(3,035 posts)Maybe start with the SEC?
Takket
(21,625 posts)MerryBlooms
(11,771 posts)erronis
(15,328 posts)That type of stuff keeps bubbling up to the top of the feedlot runoff tank.
C_U_L8R
(45,020 posts)Some mysterious parties are piling in tons of cash to keep the DJT stock afloat. Saudis again? Russian gangsters?