SEC Is Investigating Trump’s Social Media Venture

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Bad news for Trump's social media venture

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According to the filing, neither FINRA nor the SEC said it had determined that anyone had violated the law. Representatives of the Trump Organization and the SPAC did not immediately respond to requests for comment. The news adds to the uncertainty surrounding the venture, which thrilled retail investors when Trump announced it on Oct. 20. Shares soared from roughly $10 to a momentary high of

 

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