BlackRock affiliates sold short 12 million DJT shares before Trump's assassination
On July 21, it was reported that Austin Private Wealth, an affiliate of BlackRock, sold short 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 main shareholders include well-known investors such as BlackRock and Vanguard. The coincidence of the short sell time has raised doubts about its insider trading in the market.
Austin Private Wealth explained that the sell short order was placed incorrectly due to a technical glitch in the trading system. The company said the actual size of the order should be much smaller and should be for different securities.
The SEC is understood to be examining Austin Private Wealth's internal communications and trading records to determine whether there was any wrongdoing, and the investigation could lead to severe penalties if evidence of illegal activity is found.
Earlier, BlackRock issued a statement on the appearance of Thomas Matthew Crooks, the gunman who assassinated Trump, in its commercial, saying that it "strongly condemns any form of political violence and will do our part to promote civility and unity in this country."