SEC files insider trading charges related to Trump Media SPAC acquisition

The Securities and Exchange Commission has filed charges against Bruce Garelick, a former board member of Digital World Acquisition Corp., and two others with trading on inside information that DWAC had reached an agreement to acquire Trump Media & Technology Group.

The SEC alleges that Garelick learned about DWAC’s plans to acquire a company owned by former President Donald Trump, and which operates the social media platform Truth Social, after voting on the move as a member of DWAC’s board.

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