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Trump Media Demands SEC Probe into Alleged DJT Stock Manipulation
April 18, 2025 – 05:49 UTC
In a move aimed at addressing concerns surrounding the performance of its stock, Truth Social’s parent company, Trump Media & Technology Group (TMTG), has filed a complaint with the US Securities and Exchange Commission (SEC) requesting an investigation into alleged undisclosed shorting by UK-based Qube.
According to TMTG, Qube disclosed in Germany that it held a short position of six million DJT shares worth over $100 million. However, the company claims that this information was not publicly disclosed in other major jurisdictions or to US regulators, raising concerns about potential market manipulation.
The Trump Media & Technology Group has requested an immediate probe into these allegations, citing a nearly 35% drop in its stock price since January, which they believe may be linked to Qube’s actions. The company is urging the SEC to look into this matter and determine whether any wrongdoing occurred.
TMTG further emphasized that as a publicly traded entity, it has a fiduciary duty to its shareholders to investigate these claims and protect their interests.
Source: https://coinpedia.org/news/trump-media-demands-sec-probe-into-alleged-djt-stock-manipulation/
