Senator Cory Booker (D-N.J.) has called on Congress to investigate potential insider trading related to President Trump's tariff policies. Speaking on Meet the Press, Booker stated that there is 'enough smoke' to warrant a formal inquiry. His concerns stem from allegations that individuals close to the administration may have used advance knowledge of impending tariff announcements to profit in the stock market.
Booker referenced reports suggesting that some individuals were advised to purchase specific stocks shortly before President Trump announced changes to tariff regulations. These changes subsequently caused fluctuations in the stock market, potentially allowing those with prior knowledge to reap substantial financial gains.
'If individuals had access to non-public information about upcoming tariff changes and used that information to trade stocks, that constitutes insider trading and is illegal,' Booker explained. 'Congress has a responsibility to investigate these allegations thoroughly and hold anyone accountable who may have broken the law.'
An investigation could involve subpoenaing financial records, interviewing individuals who had contact with the administration regarding tariff policy, and analyzing trading patterns to identify any suspicious activity. The outcome of such an investigation could have significant legal and political ramifications.
Booker Calls for Investigation into Possible Tariff Insider Trading
Senator Cory Booker is urging Congress to investigate potential insider trading related to tariff announcements. Booker's call follows allegations that individuals may have profited by trading stocks based on advance knowledge of President Trump's tariff policies. He believes there is sufficient evidence to warrant a thorough inquiry. The investigation would aim to determine if anyone illegally benefited from non-public information.
Source: Read the original article at NBC