U.S. monetary regulators examine Trump social media deal
By Noor Zainab Hussain and Greg Roumeliotis
(Reuters) -Wall Road’s high monetary regulators are investigating former U.S. President Donald Trump’s $1.25 billion deal to drift his new social media enterprise on the inventory market, a submitting confirmed.
Digital World Acquisition Corp, the blank-check acquisition agency that agreed to merge with Trump Media & Expertise Group Corp (TMTG), disclosed in a regulatory submitting on Monday that the U.S. Securities and Trade Fee (SEC) and the Monetary Business Regulatory Authority (FINRA) have been probing the deal.
TMTG didn’t reply to requests for remark.
Digital World stated the SEC requested for paperwork in early November regarding communications between Digital World and TMTG, conferences of Digital World’s board, insurance policies and procedures regarding buying and selling, the identification of banking, phone, and e mail addresses and the identities of sure …