Trump Media and Technology Group Asks Florida’s Attorney General To Investigate How Some Short-Sellers Are Allegedly Able To Obtain a “Drastically Reduced” Rate for Share Locates
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Trump Media and Technology Group, the parent company of the Truth Social platform, is doggedly holding on to its original thesis that its stock is being artificially manipulated by certain market players. While the company has taken a number of unusual steps to attract the attention of the regulators, going so far as to write separate letters to several Congressional committee chairs, it has little to show for these efforts as yet.
Today, Trump Media and Technology Group has gone a step further in its crusade by publicly calling on the attorney general of Florida, Ashley Moody, to take action. After reiterating previous gripes, including its stock's persistent inclusion in the threshold list, which includes stocks with an aberrantly high number of Failures to Deliver (FTDs) and can be potentially indicative of illegal naked short-selling, Trump Media's latest letter goes on to level a startling allegation:
Related Story Trump Media and Technology Group (DJT) Urges Its Investors To Pursue a 3-Step Plan To Crush Short-Sellers
Trump Media and Technology Group's crusade of sorts against the alleged manipulation of its stock began on the 17th of April when it published a comprehensive list of FAQs, advising investors to contact their respective brokers to restrict their shares from being loaned out for short positions. Next, on the 19th of April, Trump Media penned a letter to urge the Nasdaq exchange to probe the "naked" short-selling of its shares as well as its inclusion in the so-called threshold list. This then prompted Citadel, a titan among market makers, to issue a scathing rebuke of the company's tactics.
On the 23rd of April, Trump Media published a 3-step plan for its investors to combat rampant short-selling, recommending, among other things, that investors hold their DJT shares in a cash account at their brokerage firm
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