US Lawmakers Seek SEC Probe of Trump Media Feed

A group of Democratic lawmakers has called on the Securities and Exchange Commission (SEC) to investigate a new feature introduced by Trump Media & Technology Group. The feature, known as the "fast feed," has raised concerns about potential violations of securities laws. The lawmakers argue that the fast feed may be designed to manipulate trading activity in the company's stock.

The legislators sent a letter to SEC Chair Gary Gensler requesting a formal probe. They allege that the fast feed could artificially inflate the value of Trump Media shares by encouraging rapid trading. The letter points to the company's history of regulatory issues and its dependence on retail investors.

Trump Media, which operates the Truth Social platform, has faced scrutiny since its public listing. The fast feed was launched earlier this month, allowing users to access content more quickly. Critics claim the feature resembles tactics used by meme stocks to attract speculative trading. The company has not publicly commented on the lawmakers' request.

The SEC has not indicated whether it will act on the lawmakers' letter. If a probe is opened, it could lead to fines or other penalties for Trump Media. The situation underscores ongoing tensions between the company and regulators, as well as the broader debate over social media platforms' impact on financial markets.