~~ recommended by emil karpo ~~
Last week SEC Enforcement Director Margaret Ryan resigned. Let’s discuss today.
SEC Enforcement Director Margaret Ryan Resigns
Reuters reports US SEC’s ex-enforcement chief clashed with bosses over Trump cases before leaving
The U.S. Securities and Exchange Commission’s top enforcement official, who left abruptly last week, had clashed with agency leaders over the direction of its enforcement program, including the handling of cases with ties to President Donald Trump and his family, according to three people familiar with the matter.
Insider Trading Runs Rampant
CNBC reports Volume in stock and oil futures surged minutes before Trump’s market-turning post
At around 6:50 a.m. in New York, S&P 500 e-Mini futures trading on the CME recorded a sharp and isolated jump in volume, breaking from an otherwise subdued premarket backdrop. With thin liquidity typical of early trading hours, the sudden burst stood out as one of the largest volume moments of the session up to that point.
A similar pattern was observed in oil markets. West Texas Intermediate May futures also saw a noticeable pickup in trading activity at roughly the same time, with a distinct volume spike interrupting otherwise quiet conditions.
Roughly 15 minutes later, at 7:05 a.m., Trump said on Truth Social that the U.S. and Iran had held talks and that he was halting planned strikes on Iranian power plants and energy infrastructure. That announcement prompted an instant rally in risk assets, with S&P 500 futures soaring more than 2.5% before the opening bell. West Texas Intermediate futures dropped nearly 6% following the announcement.
Someone Made a Lot of Money
In one move, $1.5 billion in S&P 500 (ES) futures were bought. $192 million in oil (CL) futures were sold.
This is 100 percent insider trading. It’s mammoth and undebatable.
The SEC can easily see who placed these bets right before Trump’s big lie.
Amusing Aspects
- Trump threatens a war crime. Think about that one.
- He did so in the midst of allegedly “very good and productive conversations” with Iran. Think about that one, too.
- Iran denies the conversations.
- Trump will not name the Iranian mediators the US is allegedly negotiating with. Do they exist anywhere but Trump’s mind?
WSJ: President Trump said on Friday that he is considering winding down the war. He said it isn’t clear that there are any leaders left alive who Washington could negotiate with.
Yet, Trump is allegedly talking with someone, and he says those talks are going well. Meanwhile, Iran denies any talks. And Trump will not name who the administration is talking with.
Trump says so many obvious lies he cannot keep anything straight.
Nothing Will Happen
Q: Why?
A: Trump will suppress an investigation.
And before Trump goes down in the ash heap of history, he will pardon every criminal in his administration.
If you are on the SEC and are trying to do your job, you have two options: resign or get fired.
In aggregate, manipulations never work, but they can mean short-term gains for the criminals and losses for those stopped out of trades.
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