Feds Are Investigating Trump’s Media Company

The Security and Exchange Commission is now investigating President Trump’s upcoming media venture.  According to Business Insider the SEC has requested documents about “meetings of the partner company’s board of directors, “policies and procedures relating to trading,” identification of certain investors, and copies of communication between the partner company and Trump’s new organization.”

The AP has more.

Donald Trump’s new social media company forecasts it may have 81 million users by 2026, or nearly 7 million more people than voted for him in the last U.S. presidential election.

The projection was filed on Monday with securities regulators by the company trying to bring Trump Media & Technology Group to the stock market. The company, Digital World Acquisition Corp., said over the weekend that it has lined up $1 billion in promised investments for the former president’s new venture from a group of unnamed institutional investors, and it filed a copy of the presentation used to pitch investors and analysts.