Trump Media Calls for SEC Investigation Into DJT Stock Trading

Trump Media & Technology Group has formally requested the US Securities and Exchange Commission (SEC) to look into potential manipulation of its DJT stock. The company's concerns were highlighted in a memo dispatched on Thursday, focusing on trades associated with Qube Research & Technologies, a hedge fund based in the UK.

"Qube disclosed a nearly six-million-share short position," the memo noted, pointing out that this disclosure was made exclusively in Germany. Trump Media has labeled this as suspicious, citing uncertainties regarding the timing and execution of these trades.

Steady Short Interest Despite Qube's Disclosure

The company also observed that the short interest in DJT stock has remained constant since the end of March, even after Qube's disclosure. Additionally, Trump Media referenced DJT's continuous listing on Nasdaq’s threshold list as a possible red flag.

"We urge you to immediately investigate this suspicious trading and report your findings back to TMTG and any relevant civil and criminal authorities," the memo emphasized, advocating for transparency and efficiency in American equities exchanges.