Trump Media Asks Congress to Investigate Market Manipulation Claims by Jack Phillips – US Politics News

The CEO of former President Donald Trump’s media and technology company asked Congress to investigate allegations that the company’s stock is being manipulated by traders who are betting on its downfall.
Devin Nunes, CEO of Trump Media & Technology Group and a former Republican congressman, is urging top Republican lawmakers in the House to open an investigation into “anomalous trading” and possibly “unlawful manipulation” of the firm’s stock. The company, which uses the DJT stock ticker and operates Truth Social, made its debut on the Nasdaq last month.
“There are strong indications of unlawful manipulation of DJT stock,” Mr. Nunes wrote in his letter, which was disclosed Wednesday in a regulatory filing. The letter was sent to House Ways and Means Chair Jason Smith (R-Mo.), Oversight and Reform Chair James Comer (R-Ky.), Financial Services Chair Patrick McHenry (R-N.C.), and Judiciary Chair Jim Jordan (R-Ohio)….