Trump Media & Technology Group, the parent company of Truth Social, has accused UK-based Qube of possibly shorting DJT shares without properly disclosing its holdings.
In an open letter to Mark Uyeda, acting chairperson of the Securities Exchange Commission, Trump Media & Technology Group alleged that Qube, a British firm, may have been involved in "illegally selling short DJT shares." TMTG accused Qube of disclosing a 6 million short position in Germany on April 10, worth $105 million, without notifying regulators in its jurisdiction of the position. TrumpMedia also quoted third-party sources as saying that Qube's position has since nearly doubled to 11 million shares.
"We urge you to immediately investigate this suspicious transaction and report your findings to TMTG and any relevant civil and criminal authorities," TMTG said in the letter. According to TMTG's financial disclosures, the company had revenues of less than $4 million last year and an operating loss of $400 million. TMTG shares closed the day at $22.04, down 35 per cent from the start of the year.
Trump media and technology groups are calling on the SEC to investigate whether Qube is involved in illegally shorting DJT stock
2025-04-17 22:59:17
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
特朗普媒体与科技集团呼吁SEC调查Qube是否参与非法做空DJT股票Next article：
a16z额外买入5500万美元LayerZero代币ZRO，锁定期为3年
