Democratic lawmakers are intensifying scrutiny over potential insider trading linked to President Donald Trump's fluctuating tariff policies. New York Attorney General Letitia James is reportedly investigating possible insider trading activities surrounding a recent pause in tariffs, with allegations of a Republican ally of Trump making stock investments just before this policy shift. The volatility in Trump's tariff decisions has led to increased trading activity, benefiting major banks like Goldman Sachs, JPMorgan Chase, and Morgan Stanley, which collectively earned over $12 billion in trading fees as investors adjusted their portfolios in response to the tariff changes. The Democrats have called for investigations by the Securities and Exchange Commission (SEC) to determine if Trump's actions were intended to manipulate the market and create profitable opportunities for his associates. The situation has raised ethical concerns within both parties, as accusations of insider trading loom over Trump's administration and its affiliates.
Democrats accuse Trump of insider trading on tariff changes but ethics issues persist in own ranks https://t.co/8D8zRdHhK2
Corruption at the highest level ! Insider Trading: $2.5M Bet Turns Into $70M in 60 Seconds On April 9, 2025, a mysterious trader made what appears to be one of the most profitable—and suspicious—trades in recent Wall Street history. By betting $2.5 million on SPY call https://t.co/xAcy1DIdTT
Financials "are minting money" - "wsj as a result of wild trading over tariffs join me next for the head of global markets @BankofAmerica @MorningsMaria @FoxBusiness https://t.co/JvVmgtXZmW