Led by U.S. President Trump, the media technology company — Trump Media & Technology Group (abbreviated as TMTG, stock symbol DJT), has recently issued a warning regarding short positions on its own stock. The company has formally written to the U.S. Securities and Exchange Commission (SEC), requesting an investigation into suspected "shorting" and market manipulation, which has drawn significant market attention.
Qube Fund establishes a $105 million short positions on Trump Media
According to documents recently published by the German Federal Gazette (Bundesanzeiger), the hedge fund Qube Research & Technologies has established a short position of approximately $105 million in TMTG. This move has shocked the market and left TMTG quite dissatisfied. The company issued a memorandum to the SEC on Thursday expressing concerns about Qube's operations, even hinting at possible "suspicious trading behavior."
TMTG: Suspected illegal short selling, requesting immediate investigation.
In a memo sent to the SEC, TMTG stated: "We urge you to immediately investigate these suspicious transactions and report the results to TMTG and all relevant civil and criminal authorities." The company further noted that there are indications that there may be illegal "shorting" in the market. The so-called "short selling" refers to the direct sale of shares without first borrowing them, which is expressly prohibited in the US market.
Short positions operations have sparked controversy again, legal but often criticized.
Short positions trading, although legal, has long been controversial. Supporters argue that it is an effective mechanism for exposing corporate issues, while critics believe it can easily lead to market turbulence. This is especially true when short positions are played out in politically charged companies like TMTG, which can easily ignite public opinion and regulatory attention.
Qube response: No special comments were made regarding Trump Media.
Qube Fund responded quietly, stating that their operations rely entirely on "quantitative models" and do not make any specific remarks regarding Trump Media. Although this response avoids direct confrontation, it still fails to dispel market suspicions that their trading activities may be in violation.
White House: President's assets managed by trust, no conflict of interest
Due to the strong connection between TMTG and former President Trump, some media have questioned whether the White House is involved in a potential conflict of interest. However, White House spokesperson Anna Kelly responded via email, stating: "The President's assets are managed by a trust overseen by his children, and there is no conflict of interest."
Similar accusations are not the first, TMTG has also filed complaints in the past.
It is worth noting that this is not the first time TMTG has made accusations of market manipulation against its own stock. As early as April 2024, TMTG reported to the SEC, claiming that there were suspected "potential market manipulation activities" on the Nasdaq market, indicating that the company had long-standing concerns about external forces manipulating the market.
Trump Media's move once again brings the topic of "politics x finance" to the forefront. With Trump still being the largest shareholder of the company, the fluctuations in TMTG's stock price not only concern investor confidence but also touch on politically sensitive nerves.
This article Trump Media Company DJT requests SEC to investigate short positions: directly pointing to "suspicious trading behavior" first appeared in Chain News ABMedia.
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Trump Media Company DJT Requests SEC to Investigate Short Positions: Directly Points to "Suspicious Trading Behavior"
Led by U.S. President Trump, the media technology company — Trump Media & Technology Group (abbreviated as TMTG, stock symbol DJT), has recently issued a warning regarding short positions on its own stock. The company has formally written to the U.S. Securities and Exchange Commission (SEC), requesting an investigation into suspected "shorting" and market manipulation, which has drawn significant market attention.
Qube Fund establishes a $105 million short positions on Trump Media
According to documents recently published by the German Federal Gazette (Bundesanzeiger), the hedge fund Qube Research & Technologies has established a short position of approximately $105 million in TMTG. This move has shocked the market and left TMTG quite dissatisfied. The company issued a memorandum to the SEC on Thursday expressing concerns about Qube's operations, even hinting at possible "suspicious trading behavior."
TMTG: Suspected illegal short selling, requesting immediate investigation.
In a memo sent to the SEC, TMTG stated: "We urge you to immediately investigate these suspicious transactions and report the results to TMTG and all relevant civil and criminal authorities." The company further noted that there are indications that there may be illegal "shorting" in the market. The so-called "short selling" refers to the direct sale of shares without first borrowing them, which is expressly prohibited in the US market.
Short positions operations have sparked controversy again, legal but often criticized.
Short positions trading, although legal, has long been controversial. Supporters argue that it is an effective mechanism for exposing corporate issues, while critics believe it can easily lead to market turbulence. This is especially true when short positions are played out in politically charged companies like TMTG, which can easily ignite public opinion and regulatory attention.
Qube response: No special comments were made regarding Trump Media.
Qube Fund responded quietly, stating that their operations rely entirely on "quantitative models" and do not make any specific remarks regarding Trump Media. Although this response avoids direct confrontation, it still fails to dispel market suspicions that their trading activities may be in violation.
White House: President's assets managed by trust, no conflict of interest
Due to the strong connection between TMTG and former President Trump, some media have questioned whether the White House is involved in a potential conflict of interest. However, White House spokesperson Anna Kelly responded via email, stating: "The President's assets are managed by a trust overseen by his children, and there is no conflict of interest."
Similar accusations are not the first, TMTG has also filed complaints in the past.
It is worth noting that this is not the first time TMTG has made accusations of market manipulation against its own stock. As early as April 2024, TMTG reported to the SEC, claiming that there were suspected "potential market manipulation activities" on the Nasdaq market, indicating that the company had long-standing concerns about external forces manipulating the market.
Trump Media's move once again brings the topic of "politics x finance" to the forefront. With Trump still being the largest shareholder of the company, the fluctuations in TMTG's stock price not only concern investor confidence but also touch on politically sensitive nerves.
This article Trump Media Company DJT requests SEC to investigate short positions: directly pointing to "suspicious trading behavior" first appeared in Chain News ABMedia.