Warren and Schiff urge SEC to investigate Trump Media data feed

On Tuesday, Senators Elizabeth Warren and Adam Schiff formally urged the Securities and Exchange Commission to investigate whether the paid data feed from Trump Media & Technology Group breaches federal securities regulations. In their letter to SEC Chair Paul Atkins, they expressed concerns that the real-time data sales from the Truth Social platform might represent an unregistered securities offering. The senators highlighted the potential risks of market manipulation and evasion of disclosure obligations associated with the data feed, which offers insights into user activity and content. They called on the SEC to assess the compliance of the product with the Securities Act of 1933 and the Securities Exchange Act of 1934. Trump Media & Technology Group has yet to respond publicly to this request, which adds to the scrutiny surrounding its business operations and connections to former President Donald Trump.