Trump’s New Media Company Under Investigation

Gage Skidmore Fickr

Former President Donald Trump’s new social media company may be in jeopardy, as the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) are investigating a public merger.

Trump announced the launch of TRUTH Social, which was created to “fight back against Big Tech,” and parent company Trump Media & Technology Group, in October. 

“We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced,” he said in a statement. “This is unacceptable. I am excited to send out my first TRUTH on TRUTH Social very soon.”

But the new venture might be in peril as the SEC and FINRA have begun probing a merger with Digital World Acquisition Corp. (DWAC), a special purpose acquisition company, that would allow Trump’s media group to be traded publicly. 

The dueling investigations were revealed on Monday, when DWAC disclosed an 8-K filing with the SEC. The company’s shares tanked more than $6 due to the news, but rebounded after hours. Prior to the deal being announced, DWAC was trading at roughly $10 a share, but catapulted over $90 in the days following. 

“DWAC has received certain preliminary, fact-finding inquiries from regulatory authorities, with which it is cooperating,” the filing stated.

DWAC detailed that FINRA requested information on stock trading prior to the merger announcement, and the SEC sent a voluntary request for communications between both firms, and documents pertaining to stock trading policies, board meetings, and investor identities.

“According to the SEC’s request, the investigation does not mean that the SEC has concluded that anyone violated the law or that the SEC has a negative opinion of DWAC or any person, event, or security,” the filing read.

DWAC also noted that FINRA’s request was not an indication of any violations of Nasdaq rules or federal securities laws by the company.



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Rick Knight
Rick Knight
6 months ago

Are all government agencies corrupt. If not please name one

DrBarbara
DrBarbara
6 months ago
Reply to  Rick Knight

Um… okay, there’s…. nope. How about…. no, not that one either. Maybe the Humane Society? I said maybe so……

James P Ivy
James P Ivy
6 months ago
Reply to  Rick Knight

I’ve been around for 88 years and I don’t know of any.

charles A wilkins
charles A wilkins
6 months ago

Time for full accountability on acceptance of money from foreign sources, adversarial to our Governmental, it’s ideals. principals. Biden crime family has been allowed to continue for too long. Time has come to hold the Biden’s for criminal it’s ideals. principals. Biden crime family has been allowed to continue for too long. Time has come to hold the Biden’s for criminal border acts against the American people. The Country can not continue on this path without the full input of Congress to hold the executive branch to the laws they created, that are in place to stop incompetent self elected dictatorship from taking our country. Overreaching criminal political obfuscation by a mindless leader. Impeachnent is not enough, the Biden’s betrayal should be held on the world stage for his crimes agaiinst America. Loyalty is your faithfulness to your nation, faithful adherence to your sovereign government and full allegiance to it’s people. Why is it the biden family can’t fit anywhere into the above definations? China owns the biden family, recent events uncovered from Africa confirm this even further, Hunters pot of gold awaits the bidens for their rainy days.

Lew Tripp
6 months ago

Great post, Charles.

SDOFAZ
6 months ago

So, I suppose we ought to see the same announcement for the other liberal techno communications like Zuck, Twitter and the rest. I am interested in their cash sources and the flow into the corp pockets. Wonder how much the tracking and tattling gets them?

Joe
Joe
6 months ago

The war against our great 45th president, just never ends, but the civil war they are trying to start against the American people,will be there downfall, and end.

Lew Tripp
6 months ago
Reply to  Joe

Locked and Loaded.

Zod
Zod
6 months ago
Reply to  Lew Tripp

Myself as well.

SDOFAZ
6 months ago
Reply to  Lew Tripp

We all are. Thus the reason the dimwit nitwits and rinos do so much to confiscate our guns. The enemy within that they represent realizes we will be difficult to overcome if it is possible. Stalin knew the USA would be a challenge, said exactly that.

True American
True American
6 months ago
Reply to  Joe

The south’s gonna do it again.

robert
robert
6 months ago
Reply to  True American

yea, and this time we will win

Lee C
Lee C
6 months ago
Reply to  Joe

Yep… the loons never waste time to try and find something about Trump that is not there.

SDOFAZ
6 months ago
Reply to  Lee C

Or they just claim it is so and proceed with no evidence, proof or anything intelligent people would believe. Feeling are what they manage their witch hunts on and Trump has had his share of it. And the establishment is just plain afraid and threatened by Trump. That is why the fraud election of 2020 was successful. A load of the establishment must go along with dimwits and rinos. Can anyone endorse the firing of the real troublemakers in the establishment? Pronto!

Bidencheats
6 months ago

Just think how Trump would be treated if he was a Dumbocrap he would be able to break any law he pleased and get a free pass. Just like Joe and Hunter Biden

G BAR RED
G BAR RED
6 months ago

ANOTHER COMMIE TACTIC. THE LAST AMERICAN PRESIDENT,
DONALD J. TRUMP ! HE WILL PREVAIL !

Bill
6 months ago

When the Libtard Hoods stop investigating Trump, then worry.

Tryagain bud
Tryagain bud
6 months ago

There is only one direction for the Biden/Obama administration to go and that is to sink even lower. Too bad that so many innocent Americans have to suffer through this farce of a government. We need to hold this administration liable for creating so much hate that our young people are killing each other out of fear and confusion. Maybe, next time we won’t allow our government so much involvement into our lives. Their job is to protect us from foreign invasion, not to be our medical doctors, our school teachers, our religious leaders and re-evaluators rather then supporters of our constitution.

tom matthews
tom matthews
6 months ago

I wonder if the French citizens had similar experiences with government in the late 1700’s ?

The Old Dog
The Old Dog
6 months ago

Ho hum, some overly righteous Dimocrat has just come up with another scam to investigate Donald Trump.Just yopu wait, one of tghese days thery’ll come up with a criminal allegation against him, in which he’ll be charge with incomplete stop at a stop sign, and (oh, the humanity!) overtime parking….

Kevin
Kevin
6 months ago

Donald Trump could smile and say “Good Morning” to anyone, and it would instantly trigger a witch hunt by Pelosi or Biden associate bureaucrats.

James Nice
James Nice
6 months ago

We definitely must get rid of the foxes in the henhouse while we still have one. These so-called government agencies just seem to follow Joe’s marching orders blindly these days. I guess they haven’t figured out that once our goose is cooked “so is theirs”! Definitely NOT TOO BRIGHT.

tracker1
tracker1
6 months ago
Reply to  James Nice

Not foxes. Weasels

Madeleine
Madeleine
6 months ago

Oh go and investigate the BLM and Antifa Just terrified of Truth News . Go investigate all teh pedophiles and freemasons and child traffickers and money launderers We want the TRUTH <3 <3 <3

Patty
6 months ago

THE SCUMBAG JEALOUS DEMS/FRAUDS ARE AFTER TRUMP AGAIN!!!!!!! I HOPE HE TOASTS THEIR AS(*&^S?????????????

Hal Lemoyne
Hal Lemoyne
6 months ago

🥰💥👍CHRISTrumpOwens and all their US TRUMPlican Lawmakers successfully US 2020-2036 Reelected Landslide
Truth
Righteous
Unanimous
MAGA
Priceless
Amen & Amen👍❤️🥰

RWoodworth
6 months ago

The FILTHY DOMOCRATS are quick to make a mountain out of every American mole hill, and when a always successful President Trump is involved, they are always jealous that it will prop him up higher for our new President Trump in 2024 !!!!! The filth of the Socialist Democrats, who are not American’s, but socialist communists, hate success they never will reach ! Certainly American’s will get involved in Trumps new social page. When Criminal ZUCKERKIKE allows the fuckhead killer Taliban, & Isis to write on Twitter, and ZUCKERKIKE won’t let a present or past overly successful President Trump communicate rightfully with his public, where many experts say that President Trump may have recorded over 100 million votes in the 2020 Presidential Election ?

RWoodworth
6 months ago

American’s must flood the Southern American border with a human fence to stop the tread of the World from getting into our great America. Is there a date that many thousands can agree to get to the border to stop the Biden Mafia Family from destroying our America? We can use ropes strung out at those blank spots in the great Trump structured metal walls, and in the more popular open crossings. You can stop the pontoon boats by cutting holes in them on our side of the Rio Grande River, then the coyote can not get back for illegals………….. that is one of the major functions to do….. cut the rubber raffs, they are trespassing on your soil ?/?????????????????????????????????

tracker1
tracker1
6 months ago

So. Dems using intimidation as a weapon again

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