Senate Minority leader Chuck Schumer, D-N.Y., and Sen. Elizabeth Warren, D-Mass., on Friday called on the Securities and Exchange Commission to investigate whether Trump administration officials or those close to them profited from insider knowledge of President Donald Trump’s pause on tariffs announced this week.
“We ask the SEC to determine whether President Trump, any members of his Cabinet, or other donors, insiders, and administration officials engaged in insider trading, market manipulation or other securities laws violations on April 9, 2025, when President Trump announced that it was a ‘GREAT TIME TO BUY’ into the stock market,” the senators wrote in a letter to SEC Commissioner Paul Atkins.
They noted that Trump made the post at 9:37 a.m. Eastern time Wednesday, “just hours before he announced a 90-day pause on his recently announced tariffs, leading to a historic market rally after days of dramatic market declines.”
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