James Probes Trump Inner Circle for Insider Trading
New York Attorney General Letitia James is conducting an inquiry into potential insider trading within President Trump’s inner circle, focusing on market reactions to recent tariff policies. This inquiry, utilizing the powerful Martin Act, is unprecedented in scope, investigating whether individuals profited illegally from non-public information regarding government decisions. While proving insider trading is notoriously difficult, the inquiry involves examining trading data for suspicious patterns and potentially issuing inquiry letters. However, significant legal challenges are anticipated, including potential conflicts with executive privilege and the inherent difficulty of distinguishing legitimate trading activity from illegal insider activity in volatile markets.
John Q. Hosedrinker