Massachusetts Democratic Sen. Elizabeth Warren defended her calls for the Securities and Exchange Commission to investigate President Donald Trump over accusations of market manipulation and insider trading, saying such an investigation is “entirely appropriate.”
“That’s what investigations are for. And it’s entirely appropriate to have an investigation to make sure that Donald Trump, Donald Trump’s family, Donald Trump’s inner circle didn’t get advance information and trade on that information,” Warren told CNN’s Jake Tapper on Sunday during an appearance on “State of the Union.”
Warren, alongside a handful of other Senate Democrats such as Oregon’s Ron Wyden and New York’s Chuck Schumer, wrote a letter to the SEC chief on Friday calling for an investigation into alleged market manipulation following Trump’s reciprocal tariff announcement and subsequent 90-day pause to the customized tariffs he leveled on foreign nations.
“We urge the SEC to investigate whether the tariff announcements, which caused the market crash and subsequent partial recovery, enriched administration insiders and friends at the expense of the American public and whether any insiders, including the President’s family, had prior knowledge of the tariff pause that they abused to make stock trades ahead of the President’s announcement,” the Senate Democrats wrote in their letter to SEC Chair Paul Atkins on Friday.
WH SLAMS DEMS’ ‘PARTISAN GAMES’ AFTER TRUMP-FOE SCHIFF CALLS FOR INSIDER TRADING INVESTIGATION OVER TARIFFS
President Donald Trump and Sen. Elizabeth Warren (Getty Images)
The White House slammed calls for investigations into market manipulation last week in comments provided to Fox Digital that accused Democrats of playing “partisan games.”
NANCY GOT ‘FILTHY RICH,’ BUT NOW DEMS WANT TO LOOK AT STOCK MANIPULATION?: JESSE WATTERS
“It is the responsibility of the President of the United States to reassure the markets and Americans about their economic security in the face of…
