Rep. Ritchie Torres Urges Investigation into Potential Insider Trading Before Iran Hostilities Pause
Representative Ritchie Torres, a Democrat from New York, has called for a federal investigation into suspicious trading activities in the oil and equity futures markets. These trades occurred just before President Trump announced a five-day pause in hostilities against Iran in March. Torres sent a letter to the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), highlighting a surge in trading volume predicting a decline in oil prices and a rebound in equity markets immediately before Trump's announcement. Torres suspects insider trading, citing the timing and scale of the trades as statistically improbable without insider knowledge. This is not the first time Torres has raised concerns about potential insider trading related to Trump administration actions, having introduced legislation earlier this year to prevent federal officials from trading on nonpublic information. 
