Reported 4 months ago
Trump Media & Technology Group, the company behind Donald Trump's Truth Social platform, has requested Nasdaq’s collaboration in investigating alleged market manipulation of its shares. CEO Devin Nunes asked for electronic blue sheet data to analyze trading activity anomalies. He also sought data from financial firms like Citadel Securities and UBS, urging Nasdaq to fully cooperate with congressional and other investigations. The company previously alerted Nasdaq to potential manipulation, involving 'naked' short-selling, which led to a roller-coaster ride for TMTG's stock since going public in March.
Source: YAHOO