Democrats Urge SEC Probe into Trump Market Moves

A group of senior Democrats, led by Senator Elizabeth Warren, has urged the SEC to investigate former President Donald Trump for potential securities law violations following his abrupt reversal on global tariffs. The inquiry focuses on whether Trump or his associates engaged in insider trading by profiting from the market chaos and subsequent rebound after Trump's social media post encouraging stock purchases and his announcement to pause tariffs, which caused a significant market rally. Notably, the S&P 500 surged over 7% and Trump's media company shares rose by 21.67% following these announcements. Democratic senators, including Chuck Schumer and Adam Schiff, have also questioned whether Trump or his administration had prior knowledge of the tariff pause to manipulate the market. A White House spokesperson dismissed these claims as partisan games, while Warren has called for bipartisan support to investigate these activities. The SEC has yet to confirm if an investigation will proceed.