I’m with Mark Warner and Adam Schiff, who want SEC Chair Paul Atkins and DOD Inspector General Platte Moring to look into the vast sums that were made on what were basically bets on a series of major Trump regime policy decisions over the past year.
Felt like wagering on the outcome of pro wrestling matches after seeing the booking sheet to me.
Sen. Warner, D-Va., and Sen. Schiff, D-Calif., sent a letter to Atkins and Moring asking about what they’re doing to look into the obvious insider trading.
The answer is going to be: they work for Donald Trump, so of course, they’re doing nothing.
ICYMI
- Mark Warner highlights Trumpers’ flub on claims of election interference
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Recent reports describe a surge in short-term call option activity tied to a widely traded S&P 500-tracking exchange-traded fund shortly before Trump announced a 90-day pause on certain tariffs last spring.
More recently, there were reports of elevated trading in products tied to major equity trades indices in the minutes leading up to public statements suggesting that talks between the U.S. and Iran were progressing.
There were also noted spikes in trading tied to major equity indices minutes before public indications that planned military action involving Iran would be delayed.
There’s also been reporting on a Morgan Stanley broker connected to Defense Secretary Pete Hegseth attempted to make a multimillion-dollar investment in a defense industry-focused exchange-traded fund in the weeks preceding U.S. military action involving Iran.
I mean, we all know what is going on here.
“The timing described in these reports raises questions about whether any individuals with prior knowledge of these policy announcements may have had access to material nonpublic information, including classified or otherwise sensitive information,” Warner and Schiff wrote in their letter.
“These episodes suggest a potential pattern of trading ahead of highly sensitive, market-moving government actions, with trading activity closely preceding public disclosure of those developments. The appearance that material nonpublic information may be unevenly distributed in advance of government announcements risks undermining investor confidence and the integrity of U.S. capital markets,” the senators wrote.
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Chris Graham
