President Trump has been accused of manipulating markets, particularly through announcements related to the Iran conflict, which coincided with suspicious trading patterns that suggest insider trading. Critics argue that these actions may have allowed certain individuals to profit from advance knowledge of his decisions.
| This video from Iran is about the Insider Trading. I can't find the video, but hope you can see it at this link: https://bsky.app/profile/trixie57.bsky.social/post/3mjs33bjujk2e |
"Throughout US President Donald Trump's second term in office, traders have been betting millions of dollars just before he makes major announcements. The BBC has examined trade volume data on several financial markets and matched them to some of the president's most significant market-moving statements.
It found a consistent pattern of spikes just hours, or sometimes minutes, before a social media post or media interview was made public. Some analysts say it bears the hallmarks of illegal insider trading, whereby bets are made by people based on information that is not available to the general public." - The insider trading suspicions looming over Trump's presidency - BBC. (This articles cites examples.)
"But the criticisms of Trump's two Truth Social posts aren't just limited to his partisan opponents. We can't have senior public officials — including the president — talking about stock prices and where to buy or to sell at the same time as they are making and announcing decisions that have a dramatic impact on stock prices," says Richard Painter, a law professor at the University of Minnesota, who previously served as the chief ethics lawyer for President George W. Bush. Falling gasoline prices helped keep inflation in check last month. If anyone in the Bush administration had made similar public statements urging people to buy or sell stocks, Painter added, "that person probably would [have been] fired." - Why some are accusing Trump of manipulating stock markets - NPR
In a post on X, Schiff delivered sharp criticism of Trump, saying that the likely reason for "Trump's Truth Social lies" about the situation in Iran on Friday was "market manipulation." He added that Trump's insiders "must have made billions" from the trade. Schiff then criticized Trump as being "incompetent" or "delusional." - Peter Schiff alleges market manipulation as $760 million bet draws scrutiny—Iran parliamentary speaker calls oil futures, treasuries 'house of cards' - MSN
As a recent analysis by economist and Nobel laureate Paul Krugman argues, there’s evidence that insiders are profiting off the war in Iran. On Monday, for example, Trump reversed his weekend commitment to deliver painful retribution on the Iranian people if the country failed to open the Strait of Hormuz within 48 hours. At 7:05am on Monday morning, however, Trump chickened out, issuing a five-day pause on hostilities via a post on Truth Social. The price of crude oil, which had flailed upward for weeks as shipments from the Persian Gulf slowed to a trickle, plummeted immediately, from around $112 a barrel before the announcement to a low of $97 by 11:00am. However, about 15 minutes before Trump’s post, CNBC reported, there was a massive increase in the amount of S&P 500 e-Mini futures trading on the market, right before their price skyrocketed from around $6,500 to around $6,700. Someone also got incredibly lucky playing the oil market, with West Texas Intermediate May futures seeing a massive spike in trading activity at the exact same time — a sign that someone had shed theirs before the price experienced a major drop. “The story would be baffling,” Krugman wrote, “except that there’s an obvious explanation: somebody close to Trump knew what he was about to do, and exploited that inside information to make huge, instant profits. In any normal world, Krugman explained, this would be more than enough cause for treason. “I’d very much like to know exactly who was making those trades yesterday morning,” the famed economist wrote. “I’m sure we’ll find out once Kash Patel’s FBI carries out its careful, no-holds-barred investigation.” - Evidence Grows That Trump Is Using the War in Iran to Manipulate Markets - Futurism
THIS ONE IS KEY!!!
Someone keeps making perfectly-timed bets right before the President speaks. The victims are your pension, your 401(k), and the country I took an oath to defend. The SEC has the authority to subpoena trading records on U.S. exchanges. They should use it. The CFTC has the authority to investigate regulated prediction-market platforms and to demand account-level data. They should use it. The Department of Justice has the authority to open a criminal probe into whether material nonpublic information is being passed from inside the White House to people who are then trading on it. They should use it — and they should do it publicly, so the American people can see their institutions still function. Every state Attorney General with jurisdiction over a pension fund that got torched in these episodes should be filing civil actions to recover what was taken from their beneficiaries. Every inspector general inside the federal government who still has a spine should be asking, today, who in their agency had foreknowledge of these announcements and what communications they had in the hours before. And Democrats need to make it clear, do it now, or we will do it when we have the power to. - This Isn't Trading. It's Theft from Your Retirement. - Adam Kinzinger
Some thoughts...
Whenever there's a boom in the stock market, media voices often talk about how happy they must be on Wall Street. It's true somebody is making money. But when some are making money, others are losing. The losers are the ones not in the loop. Insider trading means there's not an even playing field. Honestly, it seems like trading stocks is legalized gambling and the house always wins. Plus, the house is cheating. Remember what they did to Martha Stewart for insider trading? Seems like time for some others to face the music.
Also, trump has certainly declared one thing, only to do a 180 a short time later. He does it over and over to the point that Iran no longer believes much of what he says. They are reluctant to negotiate because the negotiator in chief is not a man of his word, so to speak. How can they negotiate with a man who lies constantly? The world is absolutely baffled that the US has become so chaotic. I'm baffled, too. Pardon my language but seriously, WTF?
Again, Iran is having fun dogging the administration with viral videos. This is another good one -
WHO TO CONTACT
The Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) primarily investigate insider trading in the United States. The SEC focuses on civil enforcement, while the DOJ handles criminal prosecutions.
Want to write to the top people in the SEC?
CHAIRMANPaul S. Atkins
COMMISSIONERHester M. Peirce
COMMISSIONERMark T. Uyeda
SEC Headquarters100 F Street, NEWashington, DC 20549
Want to write to the top people in the CFTC?CFTC HeadquartersMichael S. Selig, ChairmanThree Lafayette Centre1155 21st Street, NWWashington, DC 20581
The Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) primarily investigate insider trading in the United States. The SEC focuses on civil enforcement, while the DOJ handles criminal prosecutions.
Want to write to the top people in the SEC?
CHAIRMAN
Paul S. Atkins
COMMISSIONER
Hester M. Peirce
COMMISSIONER
Mark T. Uyeda
SEC Headquarters
100 F Street, NE
Washington, DC 20549
Want to write to the top people in the CFTC?
CFTC Headquarters
Michael S. Selig, Chairman
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581
Want to write to the top people in the DOJ?
ACTING ATTORNEY GENERALTodd Blanche (Pam Bondi is gone)
DOJ HeadquartersU.S. Department of Justice950 Pennsylvania Avenue NWWashington DC 20530
Want to write to the top people in the DOJ?
ACTING ATTORNEY GENERAL
Todd Blanche (Pam Bondi is gone)
DOJ Headquarters
U.S. Department of Justice
950 Pennsylvania Avenue NW
Washington DC 20530
Our lawmakers need to put pressure on the SEC and DOJ.
Use the pull down PAGES tab on the menu bar at the top for links to many more contacts.
Our lawmakers need to put pressure on the SEC and DOJ.
Use the pull down PAGES tab on the menu bar at the top for links to many more contacts.