Article in ProPublica by Justin Elliot, Robert Faturechi, and Alex Mierjeski, 12/10/24
Headline: “Donald Trump Controls a Publicly Traded Company. Now He Will Pick Its Regulator.”
Subhead: ” There have been internal concerns that Trump Media could be misleading investors, a source said. But with its largest shareholder about to be president, experts doubt the SEC is up to the job of investigating Truth Social’s parent company.”
“. . .When Trump takes office in January, a president will for the first time be the majority owner of a publicly traded company, Trump Media, which runs Truth Social. Former SEC officials are concerned about how Trump could try to use the agency to go after the foes of his company, which accounts for more than half his fortune. They also worry that the agency isn’t up for the job of taking on Trump Media should it run afoul of securities laws. . .”