Rep. Ritchie Torres Calls for Investigation into Futures Trades Before Iran Hostilities Pause
Rep. Ritchie Torres, a Democrat from New York, has urged the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to investigate unusual trading activities in the oil and equity futures markets. These trades occurred just before President Trump announced a five-day pause in hostilities with Iran in March. Torres highlighted a significant spike in trading volume predicting a decline in oil prices and a rebound in equity markets, suggesting potential insider trading. He described the situation as possibly one of the largest instances of insider trading in history. Torres has previously raised concerns about insider trading related to Trump administration actions, including a well-timed bet on the prediction market platform Polymarket before the ouster of Venezuelan President Nicolás Maduro. 
