- Trump Media and Technology Group (DJT, Financial) flags possible illicit trading activities to the SEC.
- Concerns include market manipulation and illegal short selling activities.
- Qube Research & Technologies is identified in connection with unusual stock activities.
Trump Media and Technology Group Reports Suspicious Trading Activities
Trump Media and Technology Group (DJT) has formally alerted the U.S. Securities and Exchange Commission about what it describes as potential illegal trading practices involving its stock. The company has raised concerns over possible market manipulation and suspect short selling activities.
Market Manipulation Concerns
According to TMTG, the fluctuations in their stock prices suggest unusual trading patterns that might not align with standard market behaviors. This raises alarms for both the company and its investors, indicating the possibility of deliberate market manipulation.
Illegal Short Selling Allegations
The heart of TMTG's concerns lies in alleged illegal short selling, which could be artificially deflating their stock value. Such practices can severely impact investor confidence and disrupt the stock's natural market value.
Qube Research & Technologies Under Scrutiny
The report specifically mentions Qube Research & Technologies in connection with these unusual activities. As such, TMTG has called upon the SEC for an immediate and thorough investigation to ensure fair trading practices and restore market integrity.
