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US Senators Ask SEC To Probe Trump Over Possible Insider Trading
The Straits Times
|April 13, 2025
A group of US senators on April 11 urged the government's markets watchdog to investigate whether President Donald Trump or White House insiders broke securities laws ahead of his dramatic reversal on global tariffs.
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WASHINGTON —
The six senior Democrats noted in a letter to the Securities and Exchange Commission (SEC) that Mr. Trump had posted on his website Truth Social on April 9 that "THIS IS A GREAT TIME TO BUY!!!" as stocks were tanking.
A few hours later, Mr. Trump announced a 90-day suspension of additional tariffs against dozens of countries, triggering a historic stock market rebound and the best day for the S&P 500 since the recovery from the 2008 financial crisis.
Mr. Trump was seen later in the day, in a video circulated by the White House itself, boasting about his already rich associates making a killing on the surge.
"We urge the SEC to investigate whether the tariff announcements... enriched administration insiders and friends at the expense of the American public," the senators told the SEC.
Dit verhaal komt uit de April 13, 2025-editie van The Straits Times.
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