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Trading in two stocks surged before Trump family appointments announced

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Trading increased in two known shares listed in New York in the weeks that preceded the companies’ announcement of the appointment of members of the Trump family in their consulting councils.

Contributed to the unusual machines, a drone manufacturer listed on the Nasdaq Stock Exchange last year, doubled almost three times in the four weeks previously disclosed on November 27 for the employment of Donald Trump Junior, according to the Financial Times analysis.

The stocks in the Dominary Holdings, a group of securities based in the Trump Tower in New York, rose 580 percent in the six weeks that preceded its file on February 11, and revealed that Trump Junior and another of President Donald Trump, Eric Trump, joined her consultative council.

Organizational experts said that the timing and size of the moves, which do not seem to be linked to profit reports or other ads during this period, was “clearly unusual”. Both shares have made great gains after announcing the appointments.

“The dramatic movement before the dramatic declaration is equal, indicating that this was not an exclusive event with enthusiasm.”

The average daily trading volume in unusual machines, whose market value is about 90 million dollars, has increased to 290,000 shares in the four weeks before the disclosure, up from 93,000 only between March and October 2024. Dominari, whose market value is about 60 million dollars, witnessed a harsh increase, from 11,700 of March and 2024 to 1.2 million.

Disclosure revealed that two brothers, each of which were given 966,000 shares in Dominari, at a value of 6.7 percent of the company, before announcing their roles.

Unusual machines revealed in November Trump Junior 200,000 shares were issued according to the “Registered Unit Agreement and the Consulting Agreement”, in addition to 131,000 shares bought.

In the same deposit, the unusual machines said that they “depend greatly on Chinese imports” and highlighted “the political turmoil that affects [its] The relationship with China and future definitions “as a risk of its future processes.

The unusual machines said that the knowledge of Trump Junior planned was limited to three senior officials, as well as the board of directors and lawyer. He said, “He has no reason to believe that any of these people has violated any duty, whether legal or credit,” and that the company “has no knowledge of the reason for the subscription to any investor [its] Stocks during this period. ”

The domainari was secured for the General Forum of extraordinary machines last year.

Dominary did not respond to the request for comment.

Trump Junior spokesman did not respond to suspension requests. Eric Trump did not respond to the request to comment via Trump.

Adam British, a law professor at the University of Michigan, described stock movements as “clearly unusual.” But he added: “It does not follow its circulation from the inside. As a consultant to the Board of Directors, Donald Trump Junior is not necessarily necessary not to circulate information – as the director of the board of directors usually does.”

Unusual machines said: “We have no reason to believe that without Junior violated NDA [non-disclosure agreement]Dominary did not respond to a request to comment on whether he had imposed any conditions on Trump Junior or Eric Trump.

While the shares of the two companies are now trading less than the levels directly before Trump Junior is appointed in public, they remain higher than the levels a year ago.

The news of commercial activity comes amid the scrutiny of the potential interests that involve members of the President’s family, who have long maintained commercial relations while engaging in political life.

In October 2021, the announcement of the integration of the Trump group of media and technology, owned by the majority of Trump Junior and the social networking site, managed the social networking site and Digital World Digital Company empty when the trading volume of the night before the announcement of the deal increased.

Additional reports from Chris Cook

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2025-04-17 04:00:00

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