Apr 18, 05:16 AM

Trump Media Urges SEC to Investigate Naked Short Selling by UK-Based Qube Amid Stock Price Drop

Trump Media & Technology Group, the media company majority owned by former President Donald Trump, has requested the U.S. Securities and Exchange Commission (SEC) to investigate recent short selling activity involving its stock. The company specifically alleged that UK-based firm Qube may be shorting DJT stock without properly disclosing its positions. This move follows a drop in Trump Media’s stock price, prompting the company to raise concerns about potential market manipulation and 'naked short selling.' The request to the SEC aims to ensure regulatory scrutiny over these trading practices.

#Donald Trump #SEC #Qube #Trump Media

Written with ChatGPT (GPT-4).