CFTC Staff Were Told to Retract Analysis of Suspicious Oil Trades
Career staff flagged the trades as suspicious after analysts saw a $580 million oil bet minutes before Trump’s Iran reversal.
- On Tuesday, Commodity Futures Trading Commission analysts were ordered to retract an insider-trading referral concerning roughly $580 million in suspicious oil trades placed before President Donald Trump's March 23 Iran announcement, Bloomberg reported.
- About 15 minutes before Trump posted his U-turn on attacking Iranian power plants to Truth Social, traders wagered roughly $580 million on falling oil prices, fueling speculation about potential insider advantage.
- Mel Gunewardena, senior adviser to CFTC Chairman Michael Selig, instructed a supervisor to retract the referral. Former enforcement director Aitan Goelman called the move 'unusual' and 'never done' in previous administrations.
- Senators Elizabeth Warren and Sheldon Whitehouse pressed Selig for answers, while he previously told Congress that anyone engaging in insider trading would 'face the full force of the law.'
- The White House dismissed profiteering allegations as 'baseless and irresponsible,' yet the incident fuels bipartisan concerns about market oversight integrity under the current administration.
17 Articles
17 Articles
An advisor on options supervision CFTC has apparently prevented investigations into billion-dollar trade around the Iran war. Possible insider wins are related to Trump's decisions.
Federal Agency Killed Report On Suspicious Oil Trades
Yahoo Finance reports: The Trump administration ordered federal financial regulators to retract a report flagging suspicious oil trades. Only 15 minutes before President Trump decided not to strike Iranian power plants on March 23, a few traders sank billions of dollars into predicting that the S&P 500 would go up and oil prices would fall, … The post Federal Agency Killed Report On Suspicious Oil Trades appeared first on Joe.My.God..
Democratic Sen. Elizabeth Warren demands answers from CFTC leadership over accusation of blocking career investigators
CFTC Staff Told to Retract Analysis of Suspicious Oil Trades
Bloomberg: “Traders had grown accustomed to prices lurching wildly on developments in the Middle East. But this time, some bettors had timed it perfectly. Billions of dollars’ worth of contracts predicting oil would fall and the S&P 500 would rise were placed about 15 minutes before the president announced his U-turn in a post on […]
The Daily Caller
Bizpac ReviewTraders Bet Big Minutes Before Trump’s Iran Post. Then A Top Regulator’s Adviser Reportedly Stepped In
An adviser to the CFTC chairman reportedly told staff to retract a referral over possible insider trading in oil bets before Trump’s Iran reversal.
Coverage Details
Bias Distribution
- 38% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
