Trump and Don jr caught red handed in a pincer movement timed to maximise their profits from Trumps blockade warfare and stock market crash?
The commission defines market manipulation as "when someone artificially affects the supply or demand" for an asset such as stocks or bonds. The SEC says tactics for manipulation can include:
Spreading false or misleading information about a company
Engaging in a series of transactions to make a stock, bond or other financial asset appear more actively traded
Rigging quotes, prices, or trades to make it look like there is more or less demand for a security than is the case
https://eu.usatoday.com/story/money/2025/04/11/insider-trading-and-market-manipulation/83033510007/
From media
Shares in Donald Trump's social media company sank in morning trading on Wednesday, a day after the company filed paperwork with the Securities and Exchange Commission that could allow the president's trust to sell more than $2 billion of shares.
Trump Media and Technology Group filed a registration with the SEC on Tuesday that would open the door for the president's trust to sell up to nearly 115 million shares, which are worth more than $2.3 billion.
Shares in Trump social media company sink following concerns about insider selloff
The filing opens door for the president to sell over $2 billion in stock.
sell-off from Trump, the company's largest individual shareholder, could panic investors and damage the company's stock price.
As of midday Wednesday, the company's stock price was down about 5%.
Trump Media and Technology Group pushed back on the possibility that Trump may attempt to sell any shares in a statement on Wednesday.
MORE: Stock market flat ahead of Trump's 'Liberation Day' tariffs
"Legacy media outlets are spreading a fake story suggesting that a TMTG filing today is paving the way for the Trump trust to sell its shares in TMTG. To be clear, these shares were already registered last June on an S-1 form, and today TMTG submitted a routine filing that re-registers them on an S-3 form in order to keep the Company's filings effective. In fact, there currently is no open window for any affiliate to sell shares," the statement said.
The SEC filing effectively puts investors on notice about millions of shares that could be sold on the open market, finance experts told ABC News.
The filing provides updated information about Trump's majority stake in the company and flags the possibility of an additional 8 million shares hitting the open market, according to University of Florida finance professor Jay Ritter, who described the filing as a requirement if the company insiders attempted to sell off their shares.
"In this offering it says the Trump trust could sell shares -- it doesn't necessarily mean that they will," Seth Goldstein, an analyst at research firm Morningstar, told ABC News. "It signals to the market that they could."
"This leaves it up in the air if and when a share sale will happen," Goldstein added.
Some insiders have been able to sell shares at a profit, taking advantage of the company's high stock price.
"Trump Media has been pretty unsuccessful at creating an operating business model, but they have been quite successful at selling their stock," Ritter said.
https://abcnews.go.com/Politics/trump-media-filing-opens-door-president-sell-2b/story?id=120409342
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