Democrats Call For SEC Insider Trading Probe Into Possible Trump Market Manipulation
HuffPost
The senators pointed to Trump’s back-and-forth policy changes creating “significant market turmoil,” amounting to trillions of dollars of lost value.
Several senior Senate Democrats are asking the Securities and Exchange Commission to investigate whether President Donald Trump and others engaged in insider trading, market manipulation or other securities law violations related to his volatile global tariffs plans that have upended financial markets.
In a letter sent to SEC Chair Paul Atkins on Friday, Massachusetts Sen. Elizabeth Warren and five other senators pointed to Trump’s back-and-forth policy changes creating “significant market turmoil,” amounting to trillions of dollars of lost value, since their unveiling last week.
They also pointed to Trump publicly encouraging people to invest in the stock market just hours before he unexpectedly announced a 90-day pause on most tariffs, which triggered a massive rally Wednesday.
A similar investigation request was made by Democratic leaders in a letter sent Wednesday to the Office of Government Ethics acting Director Jamieson Greer and White House chief of staff Susie Wiles.
“This was his strategy all along,” Treasury Secretary Scott Bessent told reporters Wednesday of Trump’s surprise decision to walk back tariffs on every country but China. The reversal triggered what Trump and others recognized as one of the best market days in history.
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