Trading

Trump Media & Technology Group Seeks Nasdaq's Aid in Trading Investigations

Published June 4, 2024

Devin Nunes, currently spearheading the Trump Media & Technology Group (TMTG) as CEO, has called on Nasdaq's cooperation in a series of ongoing investigations surrounding the trading activities of TMTG shares. In a direct communication with Nasdaq CEO Adena Friedman, Nunes emphasized the importance of obtaining detailed trade and account holder data through electronic blue sheets, specifically for transactions dated between April 29 and May 3, as well as additional moments in May and June.

Understanding Electronic Blue Sheets

Electronic blue sheets provide essential insights by delivering comprehensive data on trading and account holder information. This data is pivotal for regulatory agencies to dissect and understand the fluctuations and movements within a firm's trading records.

The Significance of the Investigation

The request to Congress to propel the Financial Industry Regulatory Authority (FINRA) to release this data underscores the gravity TMTG is placing on this investigation, seeking transparency and clarity in their trade activities during the specified timeframe.

Nunes, TMTG, Nasdaq