Concerns Over Market Manipulation

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

Unusual Trading Patterns

"Qube disclosed a nearly six-million-share short position," a move that was exclusively filed in Germany. Trump Media has flagged this as suspicious, citing the absence of clear details regarding the timing and execution of these trades. The company also noted that the short interest in DJT stock has remained consistent since late March, despite Qube's recent disclosure.

Call for Transparency

Expressing strong dissatisfaction, Trump Media criticized the current state of American equities exchanges, urging for an immediate investigation into these trading activities. "American equities exchanges should be operated with full transparency and maximum efficiency, not as an opaque free-for-all reminiscent of a third-world casino," the memo stated.