The post Trump Media Demands SEC Probe into Alleged DJT Stock Manipulation  appeared on BitcoinEthereumNews.com.

Trump Media & Technology Group (TMTG), the company behind Truth Social, is calling on US regulators to take a closer look at what it claims is suspicious trading activity involving its DJT stock. In a public letter to the SEC’s acting chairman, the company alleged that a UK-based firm, Qube, may be shorting DJT stock without properly disclosing its positions. TMTG believes this kind of trading could be damaging to its stock and wants regulators to step in.  According to TMTG, Qube disclosed in Germany that it held a short position of six million DJT shares, worth over $100 million. But the issue, as Trump Media sees it, is that Qube didn’t make the same kind of disclosure to US regulators or in other major jurisdictions. The firm also claims Qube’s position has since nearly doubled to 11 million shares. If true, this would mean Qube is betting heavily against the stock, and without full transparency, raising concerns of potential market manipulation. Large-scale short selling, especially without disclosure, can put serious downward pressure on a stock. Trump Media believes this may be playing a role in the poor performance of DJT stock, which has dropped 35% this year. Also Read :   Trump Calls for Fed Chair Powell’s Termination: ‘Too Late and Wrong!’   , Stock Under Pressure, But Bigger Problems Remain While the short-selling concerns are getting attention, they come at a time when TMTG is already facing bigger issues. The company is struggling financially, closing last year with less than $4 million in revenue while racking up over $400 million in losses. The stock’s fall isn’t just about short sellers, but it also reflects the company’s deeper challenges, including ongoing investigations around possible misuse of its Truth Social platform. Despite the financial struggles, Trump Media continues to push…

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Filed under: News - @ April 18, 2025 6:23 am