Trump Begins Selling $100,000 Monthly Subscription Service to Wall Street (msn.com)
- Reference: 0184853438
- News link: https://news.slashdot.org/story/26/08/04/1823242/trump-begins-selling-100000-monthly-subscription-service-to-wall-street
- Source link: https://www.msn.com/en-us/money/technology/this-is-insider-trading-by-definition-trump-sells-100-000-monthly-subscription-service-to-wall-street-to-further-monetize-the-presidency/ar-AA29olRA
Critics argue the service could let President Trump, who owns about 41% of the company, profit from early access to market-moving presidential communications. "I'll be blunt," Gian Luca Clementi, an economics professor at NYU Stern School of Business, told Fortune. "This is insider trading by definition."
"He's going to monetize the role of the office of the president of the United States," he said. "The undisputable fact is that somebody is going to earn some more money than before, and that's the president of the United States." From the report:
> Trump's media venture has struggled to build a profitable social media business despite its lofty valuation. Truth Social has reported significant operating losses since going public. According to the company's earnings report for Q1 2026, Trump Media & Technology Group netted a roughly $405 million loss and raised less than $900,000 in sales.
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> Not everyone agrees the arrangement meets the legal bar for insider trading. Shannon Devine, a spokeswoman for Trump Media & Technology Group, has pushed back on the characterization, [3]telling Quartz that Truth API "offers customers the fastest way to ingest publicly available Truth Social data" and that critics "must have invented a new theory of 'insider trading' based on publicly available information."
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> Classic insider trading law hinges on trading on secret, material information in breach of a fiduciary duty, and Truth Social posts are, by design, meant to become public within moments -- raising real doctrinal uncertainty about whether faster access alone qualifies. But other legal experts argue the greater risk lies ahead. Richard Painter, former White House chief ethics counsel, has argued that the arrangement could violate federal law once Trump posts genuinely market-moving news -- on tariffs, military action, or other policy decisions -- before it's public, with Truth Social effectively acting as a paid "tipper" on the president's behalf.
Sen. Alex Padilla (D-Calif.) said he plans to introduced legislation Tuesday to [4]ban the president from selling expedited access to his statements .
[1] https://tech.slashdot.org/story/26/07/17/0022208/truth-social-to-sell-wall-street-firms-the-fastest-access-to-trumps-post
[2] https://www.msn.com/en-us/money/technology/this-is-insider-trading-by-definition-trump-sells-100-000-monthly-subscription-service-to-wall-street-to-further-monetize-the-presidency/ar-AA29olRA
[3] https://finance.yahoo.com/markets/stocks/articles/trump-media-truth-api-data-123225242.html
[4] https://www.nbcnews.com/tech/tech-news/trump-truth-social-api-new-bill-ban-selling-fast-access-presidents-pos-rcna590640
Re: (Score:2)
This is going right beside my Trump bible! (/high level of sarcasm, F him)
Congress won't act (Score:5, Insightful)
So corruption and embezzlement continues.
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Mike Johnson needs to be put before a court of law for his lack of action, because his lack of action could definitely violate some laws, or even what is in the US Constitution for not following what is required of the Speaker of the House.
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Courts won't do anything.
And given that attendance for the No Kings protests was half to a third of BLM, there is really little incentive for office holders to change course. The American people just aren't that interested in what goes on in the nation's capital.
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I like to think that the courts won't do anything because they are fucking constitutionally prevented from doing so.
But ya, BLM. Or Something.
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What in the fuck are you talking about?
The Congress says precisely 1 thing about the Speaker- that Congress shall chose (chuse, if we're being accurate) it, which puts its firmly outside of the enforcement of the other branches.
The Constitution also says that only Congress shall set its rules, which also puts enforcement of those firmly outside of the enforcement of the other branches.
You need to be put before a court of law for your fucking ignorance, and desire to wield the state in ways it is prohib
Re: (Score:1)
Considering Congress has a history of doing nothing but a slap on the wrist going all the way back to the Crédit Mobilier scandal in 1872, I wouldn't expect them to be any better at dealing with it now, 154 years later. This is very much an all parties issue, rooted more in corruption of politicians than any specific party, as there are plenty of examples of corruptions, embezzlement, and insider trading on both sides of isle. Need look no further than the increase in net worth that is totally out o
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On the bright side, if the Democrats take the house next year they'll have no shortage of things to impeach Trump for. If anything, the hardest thing will be to whittle down the list to the charges that are most likely to get the votes needed to impeach.
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Getting the votes to impeach is easy. Getting the votes to convict is de facto impossible.
At this point, do we really need more impeachment theater?
How about maybe just once this time, and then we can get them doing important work like trying to fucking curtail his ass with laws they can actually get through the Senate.
But her emails (Score:2)
~nt~
Just imagine (Score:4, Insightful)
If Obama did this. There would have been an impeachment hearing that same day.
Re: (Score:1)
All presidents end up quite wealthy after one or two terms. They all do this. Trump just does it at an entirely new level, and doesn't even try to hide it.
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A gift of Trump is the openness with which he does it. But as said above, no-one with any ability to do anything about it seems to care. I guess we have to wait for the whole system to collapse.
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> All presidents end up quite wealthy after one or two terms. They all do this. Trump just does it at an entirely new level, and doesn't even try to hide it.
Oh look! It's more of the bOtH sIdEs bullshit.
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Ford made most of his money AFTER he left office. Few presidents get rich while they are still president. Jefferson went bankrupt because he served as president and neglected his farm.
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Those who paid Ford after he left office did it so that Carter would know he would be taken care of by the same people when he left office. Like I said, they used to hide it.
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Both sides, am I right guys?
Moron.
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It's to set the stage so every new president can do it. Obama wanted to send Americans to die for Israel in Syria and then carpet bombed Libya. This was after he got the noble peace prize. He also stirred up racial tension by declaring a fucked up kid who was addicted to Lean and got into fights constantly could have "been my son." Fuck that guy, and Trump and Biden and Clinton and W and HW and all the rest. They're all pedophiles. Most have ridden on the Jet or been to Zoro ranch or had Epstein in their ho
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> He also stirred up racial tension by declaring a fucked up kid who was addicted to Lean and got into fights constantly could have "been my son."
Know how I know you're a racist piece of shit?
> Fuck that guy, and Trump and Biden and Clinton and W and HW and all the rest. They're all pedophiles. Most have ridden on the Jet or been to Zoro ranch or had Epstein in their homes. They're all evil as fuck.
This is at least true- but mostly because Obama was a fucking hawk who enjoyed murdering the fuck out of people overseas.
Your racist horse shit notwithstanding.
Re: (Score:2)
> They all do this
NONE of them have done this, not in 250 years. Not until Trump. Presidents make a lot of money after they leave office, yes, especially in recent decades. They command incredible speaking fees (Obama famously got $400k for one speech), they write books that make millions, etc. There are lots of people who are willing to give them money to get close to them, get their advice, etc.
But until Trump, none of them has used the office of the president to make money. No one else has sold pardons. No one el
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Ghahahah. No, there wouldn't have been. There isn't going to be one now. They did the impeachment over irrelevant bullshit intentionally, never legitimate corruption. Congress can act all outraged all the time, but they're reading from their handlers script. Everyone up there from Sanders to McConnel is acting. The ones who aren't end up like Dennis Kucinich and Thomas Massey.
The government and propaganda machines want Americans turned against one another instead of the single real parties, members of th
Insider info (Score:4, Interesting)
What's going to be awesome is when the SEC starts shitting all over anyone actually using this service while completely ignoring the source of the insider information.
Anyone with an actual trading license that they want to keep should steer very wide of this shit.
Re: Insider info (Score:2)
This.
Insider trading is happening all the time anyway. The participants do not need it to be officially documented with a paid subscription to insider trading.
Re: (Score:3, Insightful)
> What's going to be awesome is when the SEC starts shitting all over anyone actually using this service while completely ignoring the source of the insider information.
> Anyone with an actual trading license that they want to keep should steer very wide of this shit.
Is this the same SEC that is under the control of Trump and which settled [1]Elon's little security violations for a trivial fine that wasn't even levied against him [reuters.com]?
[1] https://www.reuters.com/world/judge-approves-elon-musk-settlement-with-us-sec-over-twitter-disclosures-2026-07-08/
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The SEC is run by Trump, it's just as corrupt as he is. They won't touch his bribe buddies. This doesn't stop until he's out of office.
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The SEC won't do shit, because it cannot do shit.
1) This isn't insider trading.
2) Reacting off of privileged access to public statements is not insider trading. It must be confidential information about a traded entity.
This is a market mover charging for early access to his movement power.
There's nothing illegal about it, though it is pretty fucking vile.
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Rules of law are for the poor. Any troubles and you just buy a pardon.
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The Gold tier will include pre-approved pardons.
you can now buy Inside Trading! (Score:2)
This should be all the proof citizens need to force a law that you must hold any security for at least 24 hours so that the markets can be more fair.
Yes I did type that with a straight face, well more of an angry face; we have been forced to put savings, retirement, and everything else into the market to earn any type of fair inflation-following interest. Everyone's money is there even if you try to avoid it - now make it fair regardless if you have 1,000,000,000 or 0.01
Re: you can now buy Inside Trading! (Score:2)
That or something similar like there is a maturation period where if you sell it during the period your return is prorated and the remainder goes into the general fund. I think it should be longer than 24 hours though
Re: (Score:2)
Something like that might deter high frequency traders who are basically exploiting noise. This is different. It's advance insider access to announcements that cause real changes. Well, that and the usual Trump noise, but even that usually takes well over 24 hours before it's obvious TACO.
Re: (Score:2)
> This is different.
It is.
> It's advance insider access to announcements that cause real changes.
Stop using the word insider. It's a weasel word. There's nothing insider about this.
It's a markedly different form of ick.
Imagine someone finds out that the SEC is going to ban the trading of cryptocurrencies.
Imagine he tells the world.
Everyone who trades on that is guilty of insider trading.... for having traded on public information about entities that did not have that information in confidence?
No, this is someone monetizing their market moving power. It's fucking vile, but there's nothing "i
Of course (Score:3)
Of *course* it's in support of insider trading. What else would be the motivation for knowing some presidential action moments before everyone else does?
Re: (Score:3)
Maybe paying Trump $100,000/month is worth it just to get on his good side? Even if there is no value whatsoever in the access, funneling money to him might be worth it for some.
Re: Of course (Score:2)
It isn't because he doesn't stay bought
Re: (Score:2)
> Maybe paying Trump $100,000/month is worth it just to get on his good side? Even if there is no value whatsoever in the access, funneling money to him might be worth it for some.
Worth it for what? If the answer is a different financial motivation, then it's just a different form of corruption.
How about an OnlyFans? (Score:3)
Why stop at milliseconds? Why not create an OnlyFans where you can only get access to announcements and pronouncements from the President if you pay?
No Pay? No public information for you!
Re: (Score:2)
No one wants to see Trump in just his cheeto dust and incontinence aid, much less pay for it.
Re: How about an OnlyFans? (Score:2)
If that is the way to the money? Expect large queues.
When milliseconds count (Score:5, Insightful)
This is material non-public information until after its available to the public...several milliseconds in the future. Definitely insider trading.
Re: When milliseconds count (Score:2)
Well, some of it. There is a lot of random garbage posted as well.
Re: When milliseconds count (Score:2)
The random garbage can also move markets, so that's material as well
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I don't know about that. Wall Street firms already pay out the nose to see who can beat the rest by a millisecond. Are those connections all insider trading? I don't think anything about this looks good, but I don't know if your argument works.
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The distinction here is that they are in that situation getting information about what the market is doing slightly faster, or sending an order slightly faster. But here the information is information that is not publicly available. So yes, the distinction here is clear. This is insider trading. (That the other stuff should also be illegal but isn't is a secondary issue here.)
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> Are those connections all insider trading?
You're confusing speed of a transaction with advanced market knowledge. Sporting analogy: Me running faster than you just means I am fitter or bought better running gear, or paid a better running coach to give me an edge. On the other hand me beating you to the finish line because I started running before the starting gun would disqualify me in the race.
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You just have to wait the correct number of milliseconds until it becomes public information, then execute your trade. I'll bet someone has figured out the delay to allow enough time for some model or another to run. All nice and legal, just like how the two term restriction only applies to consecutive terms.
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Yep. Would get anybody else a long prison sentence.
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Na.
If that were the actual caselaw surrounding it, it would be fucking insane.
There needs to be a breach of fudiciary trust or confidence.
A third party monetizing their power to affect traded corporations, and people having a better read of that shitbag is not insider trading.
This should go into the coffers of the US (Score:2)
Not a private entity.
I don't think this is a good idea. (Score:2)
I don't know why it has come about, but I don't like it. It sounds shady and I don't think it should be done.
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You voted for it. No complaining.
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Direct criminal action sounds "shady" to you? Seriously?
ITaaS (Score:1)
Insider Trading as a Service. Now with Foreign and Domestic Emoluments Clause Firewall as a paid feature !
Trump money laundering accounts (Score:2)
Capitol One did a review of several HUNDRED accounts held by the Trump Org in 2021 and closed them, tell Mango Mussolini he had 90 days to move them elsewhere but later granted him an extension.
By contract, they had the right to do so without explanation and he or any other person with similar terms could close or move their accounts without notice.
Instead of simply complying, he decided to sue.
Thanks to that boneheaded move it's now known that the reasons were because the accounts exhibited activity consis
I Have Only One Question (Score:2)
Just one simple question, which will hopefully become more relevant early next year ... is this an impeachable crime?
Re: (Score:2)
The Republicans will not impeach him, no matter what he does.
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> Just one simple question, which will hopefully become more relevant early next year ... is this an impeachable crime?
Who cares? We make a big fuss about impeachment, but the word has largely lost meaning. No one will remove a sitting president even if they have been impeached.
There is no functioning check or balance against his corruption.
Going to? (Score:2)
"He's going to [further] monetize the role of the office of the president of the United States."
Fixed.
Another of those preclusive authorities? (Score:2)
Is insider trading one of those preclusive constitutional authorities the Supreme Court was talking about? Or will this fall under an unofficial act?
It's hard to tell since the Supreme Court has said a president is immune from nearly every crime even though the Founding Fathers said the opposite.
Felon scammer escalates the scam (Score:2)
What else is new? People like this escalate the crap they are doing until they are stopped. Ordinarily such a person would have been awarded a long prison sentence by now (independently of his rapes), but being rich apparently makes you immune to the law in the great US. I still wonder what Epstein did wrong to actually end up in prison and then being suicided. Not rich enough?
Wrong verb tense (Score:2)
> "He's going to monetize the role of the office of the president of the United States,"
That ship sailed long ago, and Trump was making dirty money off his presidency hand-over-fist long before this latest grift.
No shit, Sherlock! (Score:2)
> "I'll be blunt," Gian Luca Clementi, an economics professor at NYU Stern School of Business, told Fortune. "This is insider trading by definition."
Would anyone expect any less from President Pedo?
Torn between two thoughts (Score:2)
(a) There's a sucker born every minute.
(b) A fool and his money are soon parted.
To be fair, I've thought this about all Trump schemes and fund raising. Perhaps some new laws will result from his tenure to prevent future president from the kinds of self-dealing he's done while in office, and SCOTUS will uphold them, though I'm dubious they'll actually be needed (as much) going forward. /super-cynical
Bidding starts... (Score:2)
How many milliseconds do I get if I pay 200000 dollars?
Ok, so since market has started ignoring him (Score:5, Insightful)
...so because his friends can no longer make bank by shorting/buying stocks or oil futures or whatever based on soon-to-be-posted tweet on Hormuz open/closed today, the new scheme is just skip all that and directly ask for cash. Same as with the crypto.
Re:Ok, so since market has started ignoring him (Score:4, Insightful)
They don't ignore him. They react in a confused and chaotic manner.
And the president openly selling access is not ok. I get that we're used to corruption but this? JFC. Why aren't we freaking the fuck out right now?
Re: Ok, so since market has started ignoring him (Score:5, Insightful)
Republican "god" can do no wrong, though. The man could walk into the middle of 5th Avenue, shoot a woman in the head, and then fuck her shattered skull, and they'd still sing his praises. Indoctrination. Cultism. Brainwashing. So many different names for how they idolise this man.
Re: (Score:2)
I imagine we're conserving our energy.
People know what to do in November, and then after.
Re: Ok, so since market has started ignoring him (Score:2)
It would be nice to believe that but a lot of people who did one of the wrong things last time are proudly crowing about how they will do it again
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Shellshock. Cowardice in the face of maga republicans blatantly abusing state power to punish opponents. TPTB shielding maga republicans because they are needed for the war.
I used to think holding your nose and supporting the US was needed when the alternative was greater power of China, power jumpstarted by the US in the first place though, which is both totalitarian and out for territorial expansion. Now I don't give a shit any more. The US is not the lesser of evils any more, maybe they never were.
Re: Ok, so since market has started ignoring him (Score:2)
The US might have been the lesser of evils but even if so it was primed to become the worse, through the too-strong executive branch. Too much depended on thoughts and prayers.
Re: (Score:3)
> Why aren't we freaking the fuck out right now?
Because there are four categories of people here:
1} Non-indoctrinated non-investors... are freaking the fuck out right now but are powerless.
2} Indoctrinated non-investors... don't have money so don't care what Trump does to the stock market.
3} Non-indoctrinated investors... are quietly more interested in any money-making opportunity than principles.
4} Indoctrinated investors... have been encouraging all of this.
Category 1 is way, way outnumbered.
Remember when the very hint of being shady like this
Re: (Score:2)
$100,000/mo feed, which will generate $500,000/mo in revenue? So, all five customers? LOL. Let me guess, every hedge fund company.
Re: Ok, so since market has started ignoring him (Score:3)
I never see Democrats defend Pelosi trading. I see maggots defending Trump grifts constantly. I hang out in places where I'm exposed to both. Stop making shit up, maggot.
Re: Ok, so since market has started ignoring him (Score:4, Informative)
1. You have no evidence that Pelosi insider traded anything and her husband has always been a wealthy real estate investor and venture capital guy.
2. The Pelosi's are worth somewhere in the $300m mark and she has served 20(!) terms in Congress, that's 40 years.
3. Trump and his family have made north of $2 billion since 2025
4. Democrats have for years had bills to ban stock trading with scant Republican support.
So who's ignoring what again? TDS is what you are infected with.
Re: (Score:2)
Pelosi's "insider trading" is well-documented.
There are hordes of evidence- just nothing rising to a legal standard for criminal prosecution.
Which brings me to my next point- the one thing that makes the practice illegal is the STOCK act, which due to its late-reporting enforcement regime, effectively has no criminal penalties.
The Pelosis have outperformed the market at large by over 50%.
Do not defend those fuckers.
Of course, even that horseshit privileged-information trading, which is pretty obviousl
Re: (Score:2)
Wrong answer, dipshit.
1) Nobody ignores Congress insider trading.
2) Even that filthy practice comes nowhere fucking near selling early access to your posts because you know your elected office moves markets.
There's no TDS involved here. Your bootlicking is a fucking cancer.
Re: (Score:2)
Is the person who ignored Pelosi in the room with you right now?