U.S. Lawmaker Urges SEC to Investigate 'Suspicious' Trades During Iran War

BlockBeats News, April 9th, a U.S. congressman said the U.S. Securities and Exchange Commission (SEC) should investigate the abnormal trading activity in the oil and stock futures markets shortly before Trump postponed a military strike on Iran last month. "The speed, scale, and structure of the trades are all highly suspicious," said Representative Ritchie Torres, "It is a plain fact that both the SEC and the Commodity Futures Trading Commission cannot turn a blind eye."

This Democratic lawmaker called on regulatory agencies to launch a formal investigation into the trading activity in the oil, energy, and stock futures markets in the minutes leading up to Trump's March 23rd tweet and to obtain the trading records of accounts associated with these trades. (Jinse)