Trump opposed the regime and fought for the people. Now, he has to pay for that.
The Security and Exchange Commission investigates Trump’s upcoming media venture. Business Insider reported that the SEC has asked for documents about “meetings of the partner company’s board of directors, “policies and procedures relating to trading,” identification of certain investors, and copies of communication between the partner company and Trump’s new organization.”
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— David Enrich (@davidenrich) December 6, 2021
The AP reported:
Donald Trump’s new social media company forecasts it may have 81 million users by 2026, or nearly 7 million more people than voted for him in the last U.S. presidential election.
The projection was filed on Monday with securities regulators by the company trying to bring Trump Media & Technology Group to the stock market. The company, Digital World Acquisition Corp., said over the weekend that it has lined up $1 billion in promised investments for the former president’s new venture from a group of unnamed institutional investors, and it filed a copy of the presentation used to pitch investors and analysts.
The filing also said that the deal has attracted some scrutiny from regulators. Digital World Acquisition, which is often referred to by its trading symbol of “DWAC,” said it is cooperating with “the preliminary, fact-finding inquiries” by the Financial Industry Regulation Authority and the Securities and Exchange Commission.
The Financial Industry Regulation Authority, or FINRA, asked in late October and early November for a review of trading in its stock before the Oct. 20 merger deal was announced. That announcement sent shares of DWAC surging from $9.96 to $94.20 in just two days as Trump supporters and investors looking to make a quick buck piled in. The shares have since pulled back to roughly $43.
The federal government ignores Hunter Biden’s laptop, drug use and orgies, and the shady deals with China, Russia, and Ukraine.