Trump media and technology groups are calling on the SEC to investigate whether Qube is involved in illegally shorting DJT stock

Trump Media & Technology Group, the parent company of Truth Social, has accused UK-based Qube of possibly shorting DJT shares without properly disclosing its holdings.
In an open letter to Mark Uyeda, acting chairperson of the Securities Exchange Commission, Trump Media & Technology Group alleged that Qube, a British firm, may have been involved in "illegally selling short DJT shares." TMTG accused Qube of disclosing a 6 million short position in Germany on April 10, worth $105 million, without notifying regulators in its jurisdiction of the position. TrumpMedia also quoted third-party sources as saying that Qube's position has since nearly doubled to 11 million shares.
"We urge you to immediately investigate this suspicious transaction and report your findings to TMTG and any relevant civil and criminal authorities," TMTG said in the letter. According to TMTG's financial disclosures, the company had revenues of less than $4 million last year and an operating loss of $400 million. TMTG shares closed the day at $22.04, down 35 per cent from the start of the year.