Key insights
- A US Congressman is requesting investigations into potential insider trading in oil and equity futures markets before a pause in Iran hostilities. While the investigation itself is uncertain, the news introduces a slight negative sentiment due to potential geopolitical instability and regulatory scrutiny.
Investing.com -- Rep. Ritchie Torres, D-N.Y., is calling on the Securities and Exchange Commission and the Commodity Futures Trading Commission to investigate trades in the oil and equity futures markets that occurred before a pause in hostilities in Iran last month.
Torres on Wednesday sent a letter to the heads of the SEC and CFTC, highlighting a spike in trades immediately before President Donald Trump’s announcement of a five-day pause on attacks in March. The letter was obtained first by CNBC.
The congressman earlier this year expressed concerns about the appearance of insider trading on prediction markets before the ouster of Venezuelan President Nicolás Maduro.
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