Trump Media Group CEO Devin Nunes on Tuesday sent a letter to Louisiana state officials, requesting an investigation into an “apparent manipulation” of the group’s stock, and whether it violated the state’s securities law.
The letter comes after Nunes requested an investigation into the stock in Florida, and sought an investigation from House finance and oversight leaders on the same matter last month . Nunes raised the concerns after Trump Media & Technology Group (TMTG) began trading on the Nasdaq stock market in late March under the ticker “DJT.” The company’s flagship product is social networking site Truth Social.
Nunes sent the letter to Louisiana Office of Financial Institutions Commissioner Scott Jolly, and noted that DJT has appeared on Nasdaq’s “Reg SHO threshold list,” continuously since April 2, which he said “can indicate the illegal ‘naked’ short selling of a security.”
“The anomalies surrounding the trading of DJT suggest the possibility of […]
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