Trump Media CEO begs congressional Republicans to investigate short sellers [View all]

Trump Media CEO Devin Nunes is begging his former GOP colleagues in Congress to investigate ‘DJT’ short sellers.

In the Tuesday letter to Congressmen Gym Jordan (R-OH), Patrick McHenry (R-NC), and other top committee chairs, Nunes asked the House of Representatives to look into allegations of illegal “naked” short selling, a practice where a stock is shorted without borrowing the asset.

“We assess there are strong indications of unlawful manipulation of DJT stock,” Nunes said in the letter, which was filed with federal regulators. “I respectfully request that you open an investigation of anomalous trading of DJT to determine its extent and purpose, and whether any laws including RICO statutes and tax evasion laws were violated.”

Nunes previously asked the CEO of the NASDAQ exchange for a crackdown on what he called “potential market manipulation” by major Wall Street players, including Citadel Securities, who did not take the accusations kindly.

https://www.salon.com/2024/04/24/media-ceo-begs-congressional-to-investigate-short-sellers/