Senator Elizabeth Warren, the Massachusetts Democrat, asked the Securities and Exchange Commission to know if President Trump violated the securities laws while reversing the course on his world rates.
Early Wednesday, during an intensely volatile trading period, Mr. Trump wrote on social networks: “It’s time to buy !!!” A few hours later, he announced a 90 -day break on many prices, sending the S&P 500 on more than 7% in a few minutes. Wednesday was the best day for the S&P 500 since the recovery of the 2008 financial crisis.
“In recent days, President Trump has announced a series of irregular and reckless prices, leading to important market disturbances,” wrote Senator Warren in a letter to Paul Atkins, the president of the dry “as a direct consequence of this chaos, the American financial markets have experienced spectacular declins in a few days.”
She added: “We do not know which officials and affiliates of President Trump had a prior knowledge of his plans to delay the prices – but the initiates may have been able to announce a price break and that the market would improve.”
A White House spokesman did not respond to a request for comments on the letter.
Trump made the decision to stop prices following a rapid increase in bond yields and an increasing concern about the economic consequences of rapid and drastic reset of global trade policy.
It is far from certain that the letter from Senator Warren will encourage any investigation to the SEC senator, Warren was a categorical opponent of Mr. Atkins, whom she accused of having conflicts of interest in her work with banks and financial companies. Mr. Atkins, who founded Patomak Global Partners, a financial services consulting company, was confirmed by the Senate this week.
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