Reps Lieu and Rice Call For Investigation into Suspicious Futures Trading around Geopolitical Events

[fleur-de-lisa]

Source: Lieu.House.Gov Media Center

REPS LIEU AND RICE CALL FOR INVESTIGATION INTO SUSPICIOUS FUTURES TRADING AROUND GEOPOLITICAL EVENTS, TRUMP STATEMENTS

October 18, 2019 Press Release

WASHINGTON – Today, former prosecutors Congressman Ted W. Lieu (D-Los Angeles County) and Congresswoman Kathleen Rice (D-NY) sent letters to the FBI, the Securities and Exchange Commission and the Commodity Futures Trading Commission calling for an investigation following a Vanity Fair report of the suspicious timing around sales of e-mini futures contracts immediately prior to major geopolitical events or statements from Donald Trump. The trades may be coincidental, but their timing and scale raise serious suspicions about whether the traders received material nonpublic information that would affect the S&P and how they received such information.

In the letters, the Members write: We write to urge you to investigate potentially unlawful behavior related to the trading of electronically traded futures contracts on the Chicago Mercantile Exchange in the last several months.

On October 16, Vanity Fair reported on numerous instances in which individuals or groups of individuals made millions, and in some cases billions, of dollars in profits by trading large numbers of Standard & Poor’s 500 (S&P) e-mini futures contracts immediately prior to major geopolitical events. In each of these instances, the e-mini contracts were traded within days, and often within hours, of the S&P rising or falling sharply. The trades preceded such events as the Saudi Aramco attack as well as announcements related to progress in talks between the United States and China over the trade war and the withdrawal of the extradition bill in Hong Kong. In one case occurring in August, the trader or traders made $1.5 billion when the S&P rose after President Trump lied about phone calls taking place between United States and Chinese officials.

While the aforementioned trades may be purely coincidental, their timing and scale raise serious suspicions about whether the traders received material nonpublic information that would affect the S&P and how they received such information. We urge you to swiftly investigate whether trading on insider information or any other fraudulent behavior occurred in relation to these trades.

Read more: https://lieu.house.gov/media-center/press-releases/reps-lieu-and-rice-call-investigation-suspicious-futures-trading-around

[rzemanfl]

1. Please check your spelling in your subject line. n/t

[fleur-de-lisa]

2. Thanks!

[rzemanfl]

3. You're welcome. K&R n/t

[wishstar]

4. They need to look into Peter Navarro and associates since he's been calling the shots

Seems that Navarro may be the most influential financial advisor behind Trump's tariff decisions and announcements which catch most investors off guard. Almost certainly there are a handful of people who have had a heads-up. There were also earlier reports that Trump insider Carl Icahn may have profited from Trump's tariff actions.

[bucolic_frolic]

8. Forest Hills, Queens

not far from Brighton Beach, Little Odessa.

[Miguelito Loveless]

5. Insider trading has been the obvious "go to" crime

for TrumpCo and those around him from the start. I suspect the same is true for the whole Brexit fiasco in the UK. Somebody needs to dig into the finances of Johnson, Farage, Cummings, Rees-Mogg, et al.

[stuffmatters]

7. Yes, Trump's been manipulating the stock market with phony announcements for years

He use to do it in NYC with false announcements he was going to buy a company. After that caused his/their stock to go up, he'd sell it. THEN announce he'd changed is mind on the acquisition. He's manufacturing phony announcements on trade agreements to do exactly the same grift on a way bigger scale now.

[KPN]

11. That's been my sense from the get go with tRump's tweets

regarding the fed and even China negotiations/trade war. It’s easy money for him and his crowd. There’s no way he’d ignore that opportunity. Frankly, I’m disturbed that there hasn’t been media speculation about this until now (that there’s an actual investigation). We’re being screwed by intentional wild market volatility; those of us with money in the markets at least.

[bucolic_frolic]

6. Leaky Cell Phone, Wilbur Ross, accounts that dead end in Cayman Islands

And yes, you can trade the Asian market through ETF's YINN and YANG, they've had a wide range over the last year, you don't even need to know the tweets on tariffs from Trump, just go long when one is way down, and swap to the other when that one peaks out.

But seriously, no one is ever caught for these kinds of trades. If Trump is tipping off people that would be really really big news.

[dixiegrrrrl]

9. I have absolutely no doubt that pattern is real/true.

and that trump was "selling" the heads up service by getting a piece of the action, laundered thru his PAC as a donation, since the Foundation was close for very suspicious money games.

[Pepsidog]

10. Jesus H. Christ when will this stop. I don't know why anyone should obey the law at this point.