What keeps this con-man from pretending to impose tariffs only to abort mission at the last moment and thereby manipulating the market while insider-trading based off of that?
(dear trumplawyers all of the above is allegedly and hearsay I make no accusation of wrongdoing myself merely repeating rumors i have heard and getting input on them.)
Honestly this is an age old tradition. Elite, from the founder’s associates to the Clintons, Bushes, Obamas and such probably profited off some insider information, to some extent. But I dunno. SEC regulation for political billionaires is not my area of expertise, though it seems like his family is carrying on a lot of business.
Trump’s memecoin is already a ridiculously flagrant manipulation though: https://www.reuters.com/markets/currencies/trumps-meme-coin-made-nearly-100-million-trading-fees-small-traders-lost-money-2025-02-03/
Small insider trades or charity shenanigans pale in comparison.
If I were him… Well, why mess with insider trading when he can just blatantly profit in the open?