Trump Media asks Nasdaq to cooperate with investigations into trading of its shares

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Devin Nunes,Nasdaq,Trump Media & Technology Group

Devin Nunes, CEO of Trump Media & Technology Group (TMTG), in a letter to Nasdaq CEO Adena Friedman said that he has requested Congress to urge the Financial...

- The company that owns Donald Trump's social media platform Truth Social said on Tuesday it had requested the Nasdaq's cooperation with any investigations into the alleged market manipulation in its shares by so-called "naked" short sellers.

Nunes said that the "anomalies" around trading of TMTG shares "appear to be growing even more severe," citing data from the SEC.He requested data about financial firms like Citadel Securities, Jane Street Capital and UBS. "Naked" short-selling, which is generally illegal in the United States, involves selling shares without first borrowing them or determining they can be borrowed, creating the risk the seller may not be able to deliver the shares.

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