EM – Trump’s new media company is under investigation by federal regulators

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According to a report filed with the SEC, former President Donald Trump’s new media company is under investigation by the US Securities and Exchange Commission and other regulators.

According to the document from Digital World Acquisition, the partner company of Trump’s new media company, The SEC has documents regarding board meetings of the partner company, “policies and procedures relating to trading,” the identification of certain investors, and copies of communications between the partner company and Trump’s new organization.

The investigation comes after Trump’s digital media company TRUTH social and its SPAC partner have announced that they have raised $ 1 billion in capital.

David Enrich of the New York Times reported on an investigation into the media company on Twitter on Monday.

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