Trump Media Calls for SEC Probe into Short Selling Allegations

Trump Media & Technology Group (TMTG) has formally requested the Securities and Exchange Commission (SEC) to investigate potential short selling activities by Qube Research & Technologies following a surge in TMTG stock. The request comes amid growing concerns over market transparency and regulatory oversight, prompting investor scrutiny and increased volatility in TMTG’s stock price. 6.2% stock gains followed TMTG’s announcement of the SEC inquiry, with the company alleging potential manipulation through Qube’s trades. TMTG asserts that these activities suggest market manipulation and demands regulatory intervention. The situation underscores concerns about market transparency and potential illegal short selling practices. Donald J. Trump, a major shareholder in TMTG, remains steadfast in his support for the company despite these developments. While TMTG’s request highlights concerns about potential market manipulation, it is important to note that this action appears to be limited to equity markets with no direct impact on crypto assets.