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International Business Times

Politics

Trump's Latest Truth Social Move Is Facing Renewed Scrutiny After a Lawmaker Calls On The SEC To Investigate

SEC Ritchie Torres Trump Media Axios TMTG Donald Trump Trump Media & Technology Group (

TMTG's shares have risen in recent weeks as investors responded to the company's efforts to expand its business beyond social media. (Credit: AFP / Chris DELMAS)

Trump Media & Technology Group's plan to sell institutional investors real-time access to posts on Truth Social has drawn scrutiny, with a member of Congress requesting that securities regulators examine whether the product raises concerns related to market fairness and investor protections.

Rep. Ritchie Torres, a Democrat from New York, sent a letter Monday to Securities and Exchange Commission Chairman Paul Atkins requesting that the agency review Truth API, a new product from Trump Media & Technology Group (TMTG) scheduled to launch on Aug. 1, according to Axios.

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