Trump Accuses Biden’s SEC of Halting $DJT Stock

In a recent turn of events, former President Donald Trump has accused President Joe Biden’s Securities and Exchange Commission (SEC) of halting his $DJT stock twice in one day. This accusation comes after the stock spiked following Trump’s press conference, only to be stopped by what Trump refers to as the incompetence of the Biden administration.

Trump, known for his business background, criticized Biden as the “so-called economic genius” who lacks even the knowledge of basic NASDAQ trading rules. The Nasdaq, which oversees the trading of $DJT stock, employs specific rules to manage extreme price fluctuations to ensure fair and orderly trading.

The incident has sparked controversy and debate among investors and political analysts, with many questioning the motives behind the SEC’s actions. Some speculate that it may be a deliberate attempt to undermine Trump’s financial interests, while others see it as a simple misunderstanding or error on the part of the regulatory body.

As the situation continues to unfold, both Trump supporters and critics are closely monitoring the developments to see how the SEC and the Biden administration will respond to these allegations. The outcome of this clash between political power and financial markets remains uncertain, but one thing is clear – the stakes are high, and the implications could be far-reaching for both Trump and Biden. Stay tuned for more updates on this breaking news story.

BREAKING: Trump has just accused Biden’s SEC for halting his $DJT stock twice today after it spiked following his press conference.

The so-called “economic genius” doesn’t even know basic NASDAQ trading rules…

The Nasdaq employs specific rules to manage extreme price… pic.twitter.com/QR0D2TT6qL

— Brian Krassenstein (@krassenstein) September 14, 2024

BREAKING: Trump has just accused Biden’s SEC for halting his $DJT stock twice today after it spiked following his press conference. The so-called “economic genius” doesn’t even know basic NASDAQ trading rules…

What are the specific rules that the Nasdaq employs to manage extreme price fluctuations?

The Nasdaq, like other major stock exchanges, has specific rules in place to manage extreme price fluctuations and ensure fair and orderly trading. One of these rules is the circuit breaker system, which is designed to temporarily halt trading in a particular stock if its price moves too far too fast. This helps prevent excessive volatility and gives investors a chance to reassess their positions before trading resumes.

Another important rule utilized by the Nasdaq is the Limit Up-Limit Down (LULD) mechanism. This rule sets price bands within which a stock can trade during a given trading session. If a stock reaches the upper or lower limit of these bands, trading in that stock is halted for a specified period of time. This helps prevent sudden and drastic price movements that can be harmful to investors.

How does the Nasdaq determine when to halt trading in a particular stock?

The Nasdaq uses a combination of price-based and time-based triggers to determine when to halt trading in a particular stock. Price-based triggers are specific percentage thresholds that, when crossed, automatically trigger a trading halt. These thresholds are calculated based on the average price of the stock over a certain period of time.

Time-based triggers, on the other hand, are specific time intervals during which trading in a stock will be halted regardless of price movements. These time intervals give investors a chance to digest new information and prevent panic selling or buying.

In the case of Trump’s $DJT stock, it appears that trading was halted twice today after it spiked following his press conference. This suggests that the stock may have triggered one or more of the Nasdaq’s trading halt rules, either due to extreme price movements or other factors.

Why is it concerning that Trump accused Biden’s SEC of halting his stock?

It is concerning that Trump accused Biden’s SEC of halting his $DJT stock because it raises questions about his understanding of basic NASDAQ trading rules. As a former president and businessman, Trump should be familiar with how stock exchanges operate and the rules they have in place to ensure fair and orderly trading.

Accusing the SEC of halting his stock without valid reason or evidence undermines the integrity of the market and could erode investor confidence. It is important for all market participants, including high-profile individuals like Trump, to respect the rules and regulations that govern the stock market and to refrain from making baseless accusations that could harm the market as a whole.

In conclusion, the Nasdaq employs specific rules to manage extreme price fluctuations and ensure fair and orderly trading. These rules, such as circuit breakers and the Limit Up-Limit Down mechanism, help prevent excessive volatility and protect investors from sudden and drastic price movements. It is concerning that Trump accused Biden’s SEC of halting his $DJT stock without valid reason or evidence, as this undermines the integrity of the market and could harm investor confidence. It is important for all market participants to respect the rules and regulations that govern the stock market and to act responsibly to maintain a healthy and transparent market environment.