Democrats seek insider market probe of Trump-timed bets

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Lawmakers want investigation into possible market manipulation synced with president's remarks. FMTNews

A Vanity Fair report raised questions about whether people behind the trades had inside information about what Trump might say or do.

In a letter to Attorney General Bill Barr, the FBI chief and the Securities and Exchange Commission, 14 senators expressed concern about reports of “suspicious trading” by an individual or group that amounted to payoffs in some cases topping US$1 billion per trade – just ahead of Trump remarks or action by his administration.

The lawmakers include Ron Wyden, top Democrat on the Senate Finance Committee, and 2020 presidential hopeful Amy Klobuchar. The Chicago Mercantile Exchange, which monitors S&P futures contract trading, dismissed the story as “patently false.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines