Trump Media Seeks SEC Probe into Alleged DJT Stock Manipulation
- Trump Media & Technology Group requested the SEC investigate trading of its stock.
- The company alleged UK-based Qube engaged in illegal short selling of DJT shares.
- Qube reportedly held a short position of six million shares, worth $105 million, on April 10.
- TMTG claims Qube’s short position has nearly doubled to 11 million shares.
- TMTG’s financial disclosures show less than $4 million in revenue and $400 million in losses last year.
Trump Media & Technology Group has asked the SEC to investigate Qube for allegedly manipulating DJT stock by significantly increasing its short positions. The company reported substantial financial losses last year and is facing various legal challenges.
Source (2.6)https://decrypt.co/315309/trump-media-sec-investigate-suspicious-trading?rand=52368
