Warren calls on SEC to probe Trump for insider trading, accuses him of unleashing…

didn’t get advance information and trade on that information,” Warren said during an interview on “State of the Union” with CNN anchor Jake Tapper on Sunday.
In a joint effort with several Senate Democrats like Ron Wyden of Oregon and Chuck Schumer of New York, Warren penned a letter to the SEC chief, urging an inquiry into possible market manipulation following Trump’s tariff announcements and subsequent adjustment to the tariffs imposed on foreign countries.
The letter addressed to SEC Chair Paul Atkins highlighted concerns about potential enrichment of administration insiders at the expense of the American public after Trump’s tariff declarations led to market fluctuations.
The White House responded to these calls for investigation, dismissing them as partisan tactics aimed at undermining the President’s economic measures. A spokesperson for the White House accused Democrats of engaging in political games instead of acknowledging Trump’s efforts to address trade issues with China decisively.
Moreover, Warren raised concerns about potential insider trading activities before Trump’s tariff announcements, noting suspicious purchase patterns and call options preceding the market reactions to the news. She advocated for a rule to prevent members of Congress from trading individual stocks, emphasizing the importance of ensuring transparency and fairness in stock trading practices.
Democratic Senators Adam Schiff and Ruben Gallego also chimed in, calling for an investigation into possible insider trading activities surrounding Trump’s tariff decisions. Their letter addressed to White House officials highlighted the need for scrutiny in financial dealings related to the tariff negotiations.
Trump’s decision to pause higher tariffs on selected nations while maintaining a 10% tariff on other countries like China stirred controversy. Warren criticized Trump for creating chaos through his erratic tariff policies, accusing him of causing disruption in international trade relationships.
While tariffs can be a strategic tool in trade negotiations, Warren stressed the significance of targeted and well-thought-out tariffs rather than broad measures that disrupt global markets. She emphasized the need for transparency and accountability in decision-making processes related to tariffs to avoid unintended consequences and economic instability.