Warren demands SEC investigate Trump for insider trading, accuses him of unleashing ‘chaos’ with tariffs
Massachusetts Democratic Sen. Elizabeth Warren is standing firm in her calls for the Securities and Exchange Commission (SEC) to investigate President Donald Trump for allegations of market manipulation and insider trading. In a recent interview on CNN’s “State of the Union,” Warren defended her stance, stating that such an investigation is “entirely appropriate.”
Warren, along with other Senate Democrats such as Ron Wyden of Oregon and Chuck Schumer of New York, penned a letter to SEC Chair Paul Atkins urging an investigation into potential market manipulation following Trump’s tariff announcements and subsequent 90-day pause on customized tariffs for foreign nations. The letter specifically called for an examination of whether administration insiders, including Trump’s family, had prior knowledge of the tariff pause and used that information to make stock trades ahead of the public announcement.
The White House pushed back against the Democrats’ calls for an investigation, accusing them of playing “partisan games” and emphasizing the President’s efforts to address economic security amid media fearmongering. Despite these criticisms, Warren remains steadfast in her belief that an investigation is necessary to ensure transparency and accountability.
When asked about evidence of insider trading, Warren pointed to suspicious stock purchases and calls made just before Trump’s announcement that caused the stock market to skyrocket. She also highlighted the need for stricter rules governing stock trading by members of Congress, advocating for a ban on trading individual stocks to prevent insider trading.
Senators Adam Schiff and Ruben Gallego also joined the call for an investigation into potential insider trading, sending a letter to White House chief of staff Susie Wiles and Trade Representative Jamieson Greer. Trump’s decision to pause certain tariffs, particularly on nations with historical trade barriers against U.S. goods, has sparked concerns about market manipulation and insider trading.
Warren criticized Trump’s tariff policies, describing them as chaotic and causing confusion in the global market. While acknowledging that tariffs can be a valuable tool in certain circumstances, she accused Trump of creating instability and uncertainty through his broad tariff implementations.
In conclusion, Warren’s defense of the calls for an SEC investigation underscores the importance of transparency and accountability in financial markets. As the debate over Trump’s tariff policies continues, the push for a thorough investigation into potential market manipulation and insider trading remains a critical issue for lawmakers and regulators alike.
