FOIA Released 👉
drive.google.com/file/d/1Spq…
On April 27, 2024, SEC Division of Enforcement Director Gurbir Grewal approved a formal order of investigation (ENF) into naked short selling of Trump Media & Technology Group Corp. (ticker: DJT).
The investigation stems, in part, from a congressional complaint filed by Devin Nunes. That complaint explicitly requests Consolidated Audit Trail (CAT) data and references the widely circulated MMTLP naked short selling letter authored by Pete Sessions and Ralph Norman, signed by more than 70 members of Congress addressed to SEC Chair Gary Gensler and FINRA CEO Robert Cook.
The matter also highlights a prior ignored request for investigation submitted by TMTG’s general counsel in 2023. At that time, key Republican committee leaders with oversight responsibility, Representatives James Comer, Jim Jordan, and Patrick McHenry — declined to pursue the matter.
Notably - Now famous SEC council associated with Chair Gensler, Kevin Burris and Amanda Fischer are in the e-mail chain.
There is also a related FOIA request (24-02219-FOIA) submitted by George Brad seeking comprehensive documentation on DJT, DWAC, and parent company TMTG. In response, only one SEC research specialist was directed to conduct a search that includes CAT trading data — the same dataset the
#MMTLP community has repeatedly requested and often met with “burdensome” objections from the SEC and FINRA.
Despite the active investigation and the well-documented short-selling activity by firms such as Citadel, Virtu, and Jane Street, no public reports detailing naked short selling in DJT have been released to date.
Implication: This SEC action creates a direct linkage between the MMTLP controversy and the trading of DJT, exposing potential inconsistencies in regulatory transparency and enforcement priorities. The inclusion of CAT data analysis in the DJT probe stands in contrast to prior treatment of similar requests from retail investors.