CoinVoice has recently learned that BlackRock's affiliated company Austin Private Wealth shorted 12 million shares of Trump Media Technology Group (DJT.O) the day before Trump was assassinated and was subsequently investigated by the SEC.
Austin Private Wealth manages about $1 billion in assets, and major shareholders include well-known investors such as BlackRock and Vanguard. The coincidence of the short selling time has raised market suspicions of insider trading. If the attempt to assassinate Trump succeeds, the stock price of Trump Media & Technology Group (DJT) will fall sharply. Austin Private Wealth can make huge profits, estimated to be between $696 billion and $1 trillion.
However, the company said the trade was a registration error and that it had no intention of profiting from the tragedy. Austin Private Wealth explained that the short-sale order was placed in error due to a technical glitch in the trading system. The trade was made on June 28, publicized on July 12, and then corrected on July 16 after the error was discovered.
It is reported that the SEC is reviewing Austin Private Wealth's internal communications and trading records to determine whether there is any misconduct. If evidence of illegal activity is found, the investigation may result in severe penalties. [Original link]