Trump Media Asks SEC to Probe Alleged Suspicious Trading Activity

Dow Jones04-17

By Sabela Ojea

President Trump's media company asked financial regulators to investigate alleged suspicious trading activity in its stock.

Trump Media & Technology Group, the company behind Truth Social, on Thursday said the allegedly suspicious trading activity is tied to a U.K.-based hedge fund named Qube Research & Technologies.

Qube wasn't immediately available for comment.

Trump Media said that on April 10 Qube disclosed in Germany a nearly six-million share short position in Trump Media and that Nasdaq, NYSE Texas, or any other source has not been able to confirm when the trades disclosed by Qube were conducted or if they were ever conducted.

"We urge you to immediately investigate this suspicious trading and report your findings back to TMTG and any relevant civil and criminal authorities," Trump Media & Technology Group said.

Trump Media shares rose 4% to $20.53 in morning trading. The stock has fallen around 40% year to date.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

April 17, 2025 10:21 ET (14:21 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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