Trump Media CEO Sends Letter Addressed To Commissioner P. Scott Jolly Of The Office Of Financial Institutions For The State Of Louisiana Requesting Investigation On Short Selling
Portfolio Pulse from Benzinga Newsdesk
Trump Media CEO has sent a letter to Commissioner P. Scott Jolly of the Office of Financial Institutions for the State of Louisiana, requesting an investigation into short selling activities.
May 28, 2024 | 10:09 pm
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POSITIVE IMPACT
Digital World Acquisition Corp (DWAC), the SPAC planning to merge with Trump Media, may see increased volatility due to the CEO's request for an investigation into short selling activities.
The request for an investigation into short selling could lead to increased scrutiny and potential regulatory actions, which may affect investor sentiment and trading activity in DWAC.
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