Overview

• Senators, led by Chuck Schumer and Elizabeth Warren, have formally requested the SEC to investigate whether President Trump or his associates engaged in insider trading or market manipulation on April 9, 2025.
• The inquiry centers on Trump’s Truth Social post declaring 'GREAT TIME TO BUY' hours before announcing a 90-day tariff pause, which triggered a dramatic stock market rally.
• Major indices saw sharp gains, with the S&P 500 increasing by 9.5%, the Dow Jones by 7.9%, and the Nasdaq by 12.2%, following the tariff announcement.
• Democrats claim that Trump insiders may have had prior knowledge of the tariff pause, enabling them to profit from the market surge, though no evidence has been presented yet.
• The White House has dismissed the allegations, framing Trump’s actions as efforts to stabilize markets during economic uncertainty, while the SEC has yet to comment on whether it will pursue an investigation.