Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Elizabeth Warren (D-Mass.) are calling on the Securities and Exchange Commission (SEC) to investigate whether President Donald Trump or his associates engaged in insider trading tied to this week’s surprise 90-day pause on new tariffs.
In a letter to SEC Commissioner Paul Atkins, six Democratic senators urged a probe into whether Trump, cabinet officials, donors, or affiliates violated securities laws by acting on nonpublic information prior to Trump’s April 9 announcement, which sparked a major stock market rally after days of losses.
Just hours before the announcement, Trump posted on Truth Social: “THIS IS A GREAT TIME TO BUY!!!” He was later seen with investor Charles Schwab, joking that Schwab “made $2.5 billion today.”
The senators argue the sequence raises red flags of potential market manipulation and insider trading. Schiff and Gallego have also asked the Office of Government Ethics to review financial transactions tied to the announcement.
Sources
Discover more from News Facts Network
Subscribe to get the latest posts sent to your email.
