Scoop: Lawmaker asks SEC to investigate Truth Social's plan to monetize access to its data
Rep. Ritchie Torres has requested the Securities and Exchange Commission to probe whether Truth Social's strategy to sell real-time access to President Trump's posts to Wall Street firms might breach federal securities laws. This move highlights growing concerns over the potential for market manipulation if investors gain preferential access to influential information. It underscores the importance of maintaining fair practices in financial markets, ensuring all participants have equal opportunities to access information.
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