International: Trump faces Insider Trading allegations after his tweet sparks market surge
Market Soars After Trump’s “Buy Now” Post
On April 9, 2025, U.S. President Donald Trump posted a statement on his social media platform Truth Social: “This is a great time to buy!” Just hours later, he announced a 90-day pause on new tariffs. The market responded immediately, with Trump Media & Technology Group (TMTG) stock shooting up 21%. This sequence of events has raised concerns about potential insider trading and market manipulation.
Democratic Lawmakers Raise Red Flags
Multiple Democratic lawmakers, including Representatives Adam Schiff and Ruben Gallego, have demanded an investigation. They allege that Trump, his family members, or close associates may have used non-public information to make stock purchases in anticipation of the tariff announcement. If proven true, it would amount to insider trading, a serious violation of U.S. securities law.
Experts Divided on Legal Interpretation
Opinions from financial and legal analysts are divided. Jordan Belfort, famously known as the “Wolf of Wall Street,” defended Trump, claiming the actions do not legally qualify as insider trading. However, other experts have stressed the need for clearer legal frameworks regarding public officials and their influence on financial markets.
White House Dismisses Allegations
The White House has labeled the accusations as politically motivated. Officials argued that Democrats are attempting to discredit the Trump administration by spinning an economic decision into a legal controversy.
History of Trump’s Business Ties
This is not the first time Trump’s business dealings have come under scrutiny. In 2023, individuals linked to Trump Media faced investigations related to insider trading. Although no charges were filed at the time, the pattern has added weight to the current concerns.
Next Steps: Legal and Political Fallout
The U.S. The Securities and Exchange Commission (SEC) is reportedly preparing to examine the recent events. The results of this investigation could have serious implications not just for Trump, but also for standards of transparency and accountability in public office.