Trump Media asks lawmakers to investigate "unlawful trading activity" [Yahoo! Finance]
GameStop Corporation (GME)
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Source: Yahoo! Finance
In an April 23 letter , Trump Media CEO Devin Nunes, a former Republican congressman from California, asked several House committees to "open an investigation of anomalous trading of DJT." The committees Nunes asked to look into the issue are the House Committee on the Judiciary; its Committee on Financial Services; its Committee on Ways and Means; and the Committee on Oversight and Reform. Nunes has previously alleged that the media company's stock has been targeted by unscrupulous investors since it went public in late March. Earlier this month, he asked the Nasdaq stock exchange, where DJT trades, for help in looking into possible incidents of "naked" short selling. That practice is banned in the U.S. because it involves shorting a stock without first borrowing the shares, which can destabilize prices. "'[N]aked' short selling often entails sophisticated market participants profiting at the expense of retail investors," Nunes wrote in his letter to House Republican committee
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GME
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GME
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- 4/30/24 - Form ARS
- 4/30/24 - Form DEFA14A
- 4/30/24 - Form DEF
- GME's page on the SEC website