According to BlockBeats, on July 21, according to decripto, BlackRock's affiliated company Austin Private Wealth shorted 12 million shares of Trump Media Technology Group (DJT.O) the day before Trump was assassinated. According to reports, Austin Private Wealth manages about $1 billion in assets, and its major shareholders include well-known investors such as BlackRock and Vanguard. The coincidence of the short selling time has aroused market suspicion of insider trading.
Austin Private Wealth explained that the short-sale order was placed in error due to a technical glitch in the trading system. The company said the actual size of the order should have been much smaller and should have been for a different security.
The SEC is reportedly reviewing Austin Private Wealth’s internal communications and trading records to determine if there was any misconduct. If evidence of illegal activity is found, the investigation could result in severe penalties.
Earlier, BlackRock issued a statement regarding the fact that Thomas Matthew Crooks, the gunman who assassinated Trump, had appeared in its commercials, saying that it "strongly condemns any form of political violence and will do our part to promote civilization and unity in the country."
