Originally published at: Senators Urge SEC to Investigate Truth Social Plan to Sell Access to Wall Street - TPM – Talking Points Memo
Two influential Senate Democrats are pushing back on the nearly unfathomable idea that a company owned by the sitting U.S. president can sell Wall Street early access to that president’s thoughts and actions. Sen. Elizabeth Warren (D-MA), ranking member of the Senate Banking Committee, and Sen. Adam Schiff (D-CA), a member of the Senate Judiciary…
They’ll look into it.
In six years.
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“Trump Media’s new service threatens to undermine the integrity of capital markets.”
“If Donald Trump had put his money in an index fund and left it, he’d be richer today.”
Personally, I wouldn’t take driving directions much less investment tips from him. The risk is all yours. He keeps your $100,000.
Manipulated markets is a bad investment.
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They must be crazy… It’s a waste of time as long as all of TRUMP’s MAGAt flunkies remain in office.
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So they should just stay quiet and provide no pushback?
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Sure. Ask Trump’s SEC to investigate Trump’s social media platform. Not going to happen.
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Well, by that logic the opposition should never challenge or highlight and expose corruption??? Wha???
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Meanwhile, the Adjudicated Rapist’s personal attorneys and the DOJ (they’re interchangeable) have asked the SCOTUS to intervene in $83.3 million award he owes E. Jean Carroll, claiming that slandering her was “part of his presidential duties.”
“Absent this Court’s intervention, the sitting President is facing nearly a hundred million dollars of personal liability for conduct that was well within the scope of his federal office,” federal attorneys wrote. “That alone deserves this Court’s attention.”
[source: LATimes]
“Wah.”
[source: Tio Wally]
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Under a real SEC, it would be clear that anyone with a subscription to the felon’s early-access program was using material nonpublic information to trade and would be required to disgorge all profits. Which would reduce the market for subscriptions substantially.
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It’s been a bigly great investment for TSF, terrible for everyone else - currently at $9.85, so less than half the final data point in this graph
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Never write “ways in which”. It marks a lazy thinker and inefficient writer. But we already knew that.
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Senators Urge SEC to Investigate Truth Social Plan to Sell Access to Wall Street
Doing their very best against all odds. Far different from Hillary telling Wall Street to “cut it out” during the GR.
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Works in a teaching environment but is weak when used in story writing.
How by any definition is slandering a woman he’s been adjudicated to have raped or sexually assaulted part of his job description?
C’mon Maga, explain how slandering someone is part of preserving and protecting the Constitution of the United States against all enemies foreign or domestic.
Oh wait, Trump is so damn important that only he can make deals with putin, only he can put the Iranians in their place, only he can impose tariffs that only the American people get to pay to American businesses large and small.
We’re a nation of rubes, yeehaw.
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Fleece the rubes.
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So, it is OK for the Prez’nent to determine how the wealth of the country is redistributed, as long as he does it for a fee? (ed.)
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BTW, I looked it up, and there’s a private right of action against insider traders. So anyone paying the bribe could be sued by anyone else who traded the same stock(s) that day, give or take. Only for profits, but the cases would be expensive to defend.
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There’s some bleating from the Elmo sheep that the employees have been able to sell once per year, so that would have taken some money out. But the valuation was lower and obviously RSUs vest over time. Unless you’re an idiot, as an employee the best thing to do is sell what you have then sell more as they vest over time - especially as there are a bunch of shares out there at $8 or so.
Of course Elmo might fire everyone who cashes out, so that’s probably an incentive to sell everything.
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Everyone remembers Barry, Bill, George W. and Joe slandering their personal enemies. Prez’nents have been doing it forever.
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