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Trump Media warns SEC of DJT stock manipulation

On April 17, Trump Media & Technology Group warned the Securities and Exchange Commission (SEC) that its Trump Media stock (NASDAQ: DJT) might be being manipulated. The memo, sent to acting chairman of the SEC Mark Uyeda, suggests that naked short-selling — an illegal and controversial practice — is to blame.In naked shorting, a stock is sold short without the trader first borrowing it or ascertaining that it can be borrowed. The practice was severely curtailed in 2005 through SEC Regulation SHO, which was ...