The letter from Nunes also escalates a feud with Citadel Securities, the capital markets firm founded by GOP megadonor Ken Griffin.
Nunes referenced Citadel Securities in an April 18 letter to Nasdaq CEO Adena Friedman, warning that DJT "appears on Nasdaq's 'Reg SHO threshold list,' which is indicative of unlawful trading activity." He referenced Citadel Securities again in the new letter he sent to Congress.
The Reg, or Regulation, SHO list was designed to monitor short sales and flag potentially problematic failures to deliver securities to parties in a transaction. But "there are many justifiable reasons why broker-dealers do not or cannot deliver securities on the settlement date," the SEC notes on its website.
Nunes told Friedman in his letter that more than 60% of DJT shares have been traded by just four market participants, including Citadel Securities.
The firm responded with a statement blasting Nunes as "the proverbial loser who tries to blame 'naked short selling' for his falling stock price."
"Nunes is exactly the type of person Donald Trump would have fired on [The] Apprentice," a spokesperson for Citadel Securities added in that statement Friday.
A spokeswoman for Trump Media shot back: "Citadel Securities, a corporate behemoth that has been fined and censured for an incredibly wide range of offenses including issues related to naked short selling, and is world famous for screwing over everyday retail investors at the behest of other corporations, is the last company on earth that should lecture anyone on 'integrity.'"
https://www.cnbc.com/2024/04/24/djt-trump-media-ceo-asks-house-gop-to-launch-stock-manipulation-probe.html
Hey mister you don't wanna walk on water
Cause you're only gonna walk all over me66