Trump Media Accuses Jane Street, Citadel and More of DJT Manipulation

• Trump Media accused Jane Street, Citadel, and others of manipulating DJT stock in 2024.
• DJT appeared on Nasdaq’s failure-to-deliver list, fueling naked short selling claims.
• No regulators have formally charged the firms, but social media attention has resurged.

Trump Media and Technology Group made serious allegations against several major trading firms in 2024. The company’s CEO, Devin Nunes, wrote directly to Nasdaq and Congress. He accused the firms of illegal naked short selling. 

The claims targeted some of the biggest names on Wall Street. No charges have followed since the letters were sent.

Trump Media CEO Points Fingers at Wall Street Giants

Nunes named Jane Street Capital, Citadel Securities, Virtu Americas, G1 Execution Services, and UBS. 

According to his letter to Nasdaq, these four firms drove over 60% of DJT’s extraordinary trading volume. He presented that figure as evidence of manipulative activity. 

The accusations came shortly after DJT made its Nasdaq debut through a SPAC merger in March 2024.

Trump Media also flagged DJT’s appearance on Nasdaq’s failure-to-deliver list. That list tracks stocks where sellers fail to deliver shares on time. It is often linked to naked short selling claims. The company used this as further support for its allegations against the named firms.

In a separate letter to Congress, Trump Media formally called for an investigation. The company wanted lawmakers to look into the trading activity surrounding DJT shares. 

Nunes and the company argued the situation was serious enough for regulatory attention. Congress has not publicly announced any formal probe since receiving the letter.

Jane Street’s Legal Troubles Bring Old DJT Claims Back Into Focus

The Trump Media allegations resurfaced recently as Jane Street faces fresh legal battles. 

The firm is dealing with a Terra Luna-related lawsuit and trading bans in India. Those developments pushed social media users to revisit the 2024 DJT accusations. 

Posts on X from accounts like @AshCrypto and @xMarketNews highlighted the story.

@xMarketNews pointed out that Citadel, Jane Street, Virtu, and Anson Funds are all currently facing market manipulation lawsuits. The account also noted that SEC fines against such firms rarely exceed 0.001% of their annual revenue. 

That observation sparked strong reactions from retail investors online. Many argued the regulatory system favors large institutions over everyday traders.

Crypto-focused commentators also weighed in. @markchadwickx suggested the accusations had direct implications for digital asset markets. 

The account claimed coordinated sell pressure had held back crypto prices in the past. While that remains an opinion shared by some on social media, no evidence has confirmed it.

The Trump Media allegations against these trading giants remain unproven. No regulator has formally charged any of the named firms in connection with DJT trading. 

However, as Jane Street’s legal exposure grows globally, the old accusations are piquing interest. 

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